IBM (News - Alert) will invest $17 million in a new data center in Bogota, Colombia. The new facility expands the $8 million investment IBM made in Colombia when the company opened a data center in 2011.
Colombia is one of the fastest growing countries outsourcing data center services in Latin America with an estimated 15.3 percent growth of the data center services market in 2013, according to Colombian consulting firm Vision Growth Consulting,
IBM's investment will provide a solution to companies in Colombia looking to solve productivity issues. Big Blue noted that this new data center will bring Colombia state-of-the-art Cloud Computing and Big Data services.
“Our new data center and our professionals aim to contribute to the private and public companies' development and the country's progress,” said general manager of IBM Colombia Francisco Thiemann.
This is not the first time IBM has made a multi-million dollar investment in Latin America. In 2009 the company opened nine IT services centers in Brazil, Mexico, Costa Rica, Chile, Colombia, Peru and Uruguay.
Through the new data center, IBM said it hopes to contribute to and further strengthen business innovation in the local banking, healthcare, food, insurance and oil and gas industries, allowing them to benefit from a new wave of transformation in services with cloud and big data capabilities that help drive economic growth, sustainable development and social progress.
Cloud computing is one IBM’s top growth areas. IBM has invested $6 billion in more than a dozen cloud acquisitions since 2007, most recently SoftLayer, to extend IBM's public cloud capabilities. In the first half of 2013, IBM reported 70 percent growth in revenue from cloud computing. IBM expects to generate $7 billion in annual revenue from cloud computing by 2015.
IBM Corp shares were down a fraction during after-hours trading on Tuesday. The stock is down 0.8 percent year-to-date.