IBM invests $38 million in Singapore cloud centre

IBM is ramping up its investment in cloud computing with a $38 million capital injection in a Singapore data centre.

The centre will launch in April and aims to provide Indian customers with scalable cloud storage for a variety of businesses.

IBM is already a big investor in the cloud, with data centres in Germany, Canada and the US. It also has 13 cloud labs around the world, more than half of which are based in the Asia Pacific region, according to Hindu Business Line. Big Blue now has centres in China, India, Korea, Japan, Hong Kong, Vietnam and Singapore.

Clearly this area is of great importance to IBM, with the company saying that its investment in the region is part of its roadmap for projected growth by 2015. The cloud computing market in this region, excluding Japan, is expected to grow by 40 per cent per year up to and including 2014.

Ashish Kumar, general manager of global technology services at IBM's India and South Asia branch, said that the centre will provide high security standards and a “pay-per-use” business model, which will keep costs down for client organisations.