IBM’s partnership with Cloud Foundry will certainly go down as one of the bigger announcements in the cloud computing space this year. But what will it mean on a wider scale?

IBM and Pivotal have announced collaboration on the open platform as a service (PaaS) Cloud Foundry, pushing forward to establish open governance in the PaaS community – in other words, allowing companies total freedom to write software applications running in the cloud.

“Cloud Foundry’s potential to transform business is vast, and steps like the one taken today help open the ecosystem for greater client innovation,” Daniel Sabbah, IBM general manager of next generation platforms said in a statement.

This is the latest big bet IBM has taken in mapping out its cloud computing strategy in recent months. And as a result, you can be fairly sure the Cloud Foundry technology is going to integrate tightly with IBM’s …