IBM collaborates with Vodafone for a $550m cloud computing deal
By MYBRANDBOOK
IBM has entered into a joint venture with Vodafone to provide businesses with support for linking up cloud systems. This can support next-generation technology such as machine learning or 5G networks.
As per the deal, Vodafone will pay IBM $550m (£423.4m) under an eight-year contract enabling it to offer tools such as artificial intelligence to its networked businesses.
Two global executives will be moved to London to lead the venture, where it will be headquartered. It is expected to become operational in the first half of 2019.
It is expected that the joint venture will make it easier for businesses to link up their separate cloud systems, without having to completely redesign their network from start to finish. Vodafone said that an estimated 70 per cent of the world's organisations use up to 15 different cloud systems at any one time.
According to Vodafone, this strategic venture with IBM will allow them to focus on the strengths in fixed and mobile technologies, whilst leveraging IBM’s expertise in multi-cloud, AI and services. Through this new venture both IBM and Vodafone will accelerate growth and deepen engagement with customers while driving radical simplification and efficiency in their business.
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