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IBM to spend $1 billion on management software initiatives

Published on .

Feb. 17 Armonk, N.Y.—IBM Corp. announced Thursday it will invest $1 billion over the next three years to expand its information management software initiatives.

As part of the effort, the company will more closely align its software and industry consulting services to help clients tie data together across the enterprise. It will dedicate 15,000 consultants globally to the initiative and plans to hire more than 9,000 additional employees.

“While there's no shortage of individual piece-part products out there to help manage, search, secure and store information, companies drowning in data need a holistic approach if they have any hope of using their information for real business advantage,” said Steve Mills, senior VP of the IBM Software Group, in a statement.

IBM also announced its new WebSphere Information Server, data integration software, is being beta-tested by customers and will be available in the second quarter.

—Carol Krol

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