RAX: IBM is acquiring web hosting/cloud...

9:46 AM IBM is acquiring web hosting/cloud infrastructure services firm SoftLayer for an undisclosed sum - with Reuters talking of a $2B+ deal price in March, there's a good chance the price tag is in ten digits. The deal represents a big expansion of IBM's cloud services push - IBM says it will create a new Cloud Services unit that combines SoftLayer with the company's SmartCloud unit. SoftLayer already claims 21K customers over 13 data centers, and IBM promises to expand its offerings to cover the OpenStack platform (previous). Rackspace (RAX -2.1%), a SoftLayer rival, top OpenStack proponent, and once the subject of an IBM M&A rumor, is lower. Read comments

RAX price at time of publication: $36.09. Check RAX price now »

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Focus Articles on RAX

• Can IBM Save OpenStack? by Dana Blankenhorn
• Bear Of The Day: Rackspace Hosting by Zacks Investment Research
• Rackspace - As Long-Term Growth Story Remains Intact, Shares Should Find Support by The Value Investor

Press Releases on RAX

• Rackspace Adds On-Demand Networking and Enhanced Security Capabilities to its Hybrid Cloud (Business Wire)
• Rackspace to Present at Investor Conferences in May and June (Business Wire)
• Rackspace Hosting Reports First Quarter 2013 Results (Business Wire)

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StockTalk on RAX: RAX StockTalk | Twitter RAX | Twitter $RAX | RAX Instablogs

Recent Market Alerts on RAX: All currents | Earnings | Dividends | M&A | On the move

Transcripts on RAX

• Rackspace Hosting Management Discusses Q1 2013 Results - Earnings Call Transcript
• Rackspace Hosting, Inc. - Shareholder/Analyst Call
• Rackspace Hosting's Management Presents at Deutsche Bank's DbAccess 21st Annual Media and Telecom Conference (Transcript)

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