5 Companies That Came To Win This Week

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IBM Boosts Its Cloud Appeal With Acquisition

IBM will acquire Database-as-a-Service company Cloudant for an undisclosed sum in a move designed to generate more interest in its SoftLayer cloud platform and boost its relevance as a hosted infrastructure service provider.

IBM this week also said it plans to spend $1 billion on cloud software development over the next two years.

Boston-based Cloudant offers a hosted version of CouchDB, the open source NoSQL database that's designed to handle large volumes of data and transactions from business applications. IBM said it would offer the Cloudant service to customers for building mobile and Web applications.

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