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IBM Betting the Future on Cloud

 (Image source: IBM)

International Business Machines Corp. (NYSE:IBM) is doubling down on cloud computing. The company announced an investment of $1.2 billion which will be used to develop 15 new data centers in five different continents. Those data centers will help support the company’s cloud infrastructure. Since acquiring SoftLayer, IBM is increasingly focused on becoming a leader in the cloud market. The industry according to IBM projections will grow globally to $200 billion by 2020.