IBM announced its $38 million investment in the new IBM Asia Pacific Cloud Computing Data Center in Singapore, which aims to provide businesses with cloud computing solutions and services. The facility, which is scheduled to launch in April, will extend IBM's global network and make its cloud services and technology portfolio available through the cloud delivery infrastructure. IBM's services are designed to increase flexibility, accelerate time to market, reduce costs, and increase security of public cloud environments.
The first offering from the center will be from IBM's IaaS (infrastructure as a service) cloud portfolio, and is designed to provide users with rapid access to security-rich, enterprise-class virtual server environments. The rest of the catalogue of software from the IBM Software Group and third-party companies will be available in a variety of payment models designed for mid-size and large businesses, and independent software vendors.