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IBM reaches for the cloud with Blue Box acquisition :

Jun 04, 2015 - The Deal Pipeline
Mergers and Acquisitions

IBM Corp. (IBM) is adding to its cloud offerings with the purchase of hosting company Blue Box Group Inc., announced Wednesday, June 3. Seattle-based Blue Box is the first acquisition by IBM's recently formed cloud unit. The purchase dovetails with previous cloud transactions such as IBM's purchase of cloud infrastructure provider SoftLayer Technologies Inc. from a group led by GI Partners in 2013, and the 2014 acquisition of Cloudant Inc., which serves developers of mobile and web applicatio...