IBM Tuesday said it’s going to acquire SoftLayer Technologies, the Dallas-based outfit that’s supposed to be the largest privately held Infrastructure-as-a-Service provider in the world.
Terms were not disclosed but the good ole rumor mill, touched off by a Reuters report in March about how both IBM and EMC were interested in buying SoftLayer, pegged the deal at around $2 billion. Others venture that it could be worth as much as $2.5 billion.
Either amount makes it the largest acquisition of IBM CEO Ginni Rometty’s new reign.