Content about SoftLayer Technologies Inc.

June 4, 2013

IBM on Tuesday strengthened its position in the fast-growing market for cloud-computing services with the news that it has entered into an agreement to acquire SoftLayer Technologies Inc.

Armonk, N.Y. -- IBM on Tuesday strengthened its position in the fast-growing market for cloud-computing services with the news that it has entered into an agreement to acquire SoftLayer Technologies Inc. The Dallas-based firm is the world's largest privately held cloud computing infrastructure provider, according to IBM.

The financial terms of the deal were not disclosed. But reports, including one by the New York Times, valued it at approximately $2 billion,