IBM IBM today announced
that it plans to open a center of excellence in New York City to help
financial services firms adopt open-source virtualization technologies. The
KVM Center of Excellence in New York is the second such center established by
IBM in the past five months. The first was opened in December in Beijing. The
center will help clients, software engineers and business partners to quickly
leverage open-source virtualization to build cloud-computing platforms.
Kernel-based Virtual Machine (KVM) is virtualization software designed for
Linux and Windows. Virtualization is used for server and desktop consolidation
and cloud computing. KVM is an alternative to proprietary virtualization
software and can help companies realize significant cost savings and avoid
vendor lock-in. According to data from IDC, the worldwide virtual-machine
software market was on track to grow to over $3.6 billion in 2012, up from
$3.0 billion the year before, a 19.3% year-over-year growth.(1) KVM is growing
at 150% year over year in terms of unit shipments, with over 100,000 servers
already using it worldwide for virtualization.(2)
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in