Among several potential buyers IBM Corp. and EMC Corp. are closing in to acquire SoftLayer Technologies Inc.; a leading web hosting and database firm. Multiple sources confirm the possibility of a deal crossing the $2 billion mark.
The Dallas- Texas based IT infrastructure specialist firm has employed Credit Suisse and Morgan Stanley to run the sale.
The buyout talks first got leaked by one of the valued clients of SoftLayer, AT&T which approached SoftLayer a few months ago outline exclusive plans for launching new cloud based services which SoftLayer specializes in.
Spokesmen for IBM, EMC, AT&T and SoftLayer, Credit Suisse and Morgan Stanley declined to add anything to the matter.
Founded back in 2005, SoftLayer Technologies Inc. is the largest private owned web hosting and database managing firm. The innovative cloud computing solution packages created by SoftLayer is preferred by numerous tech giants among its 25,000 clients around the world.
In the cloud era, web hosting firms are becoming vital components for uninterrupted cloud access and are fashionably selling for fat checks. And SoftLayer is the most recent example.
After the VMware takeover, EMC Corp. is pushing hard for this deal as SoftLayer handles 10,000 servers of Citrix Systems Inc, a competitor of VMware.