SoftLayer Acquisition

IBM is buying SoftLayer. Not sure how much they are paying. The goal is to beef up IBM's cloud computing offering. In fact, IBM is going to stand up a new division in the company to service cloud computing specifically. Heck. Might as well treat this as a new wholly owned subsidiary.

SoftLayer is known for hosting the cloud for customers. They can do a private cloud if need be. Apparently they already have a lot of customers.