I.B.M. Buys Cloud Computing Firm in Deal Said to Be Worth $2 Billion - NYTimes.com

From a snapshot of IBM's cloudy future

"I.B.M. executives say its strategy is to compete in the public cloud market not with basic computing capabilities like processing and storage, but with software for marketing, procurement and customer service delivered as cloud offerings. Since 2007, the company has spent $4.5 billion on more than a dozen acquisitions to build up its cloud software and services offerings.
“We’re focusing on business services that leverage the cloud model,” said Ric Telford, vice president for I.B.M. cloud services."

I.B.M. Buys Cloud Computing Firm in Deal Said to Be Worth $2 Billion - NYTimes.com