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28 Sep 2000
IBM Global Services expanded its so-called 'for rent' offerings on Wednesday when it added storage and storage management to its range of products.
The outsourcing giant, which has an annual revenue of $32bn, already has web hosting for e-marketplaces and application service providers in its portfolio, and is working on providing wireless services.
Further reading
Paying between $25 and $75 per gigabyte per month, customers will be able to rent storage capacity and management services on their property or off-site at an IBM data centre.
To try to meet demand for what IBM calls its IT on Demand portfolio, the company is building 65 data centres worldwide during the next 18 months to add to the 75 it already has.
IBM claims that industry analysts are predicting that the total market for enterprise-wide services will be worth $45bn by 2003. By the same time, the storage segment should grow to $8bn annually.
US medical records company ChartOne has already signed up for IBM's storage offering. ChartOne chief executive Ivar Chhina said: "A hosted storage solution can give us the capacity we need, as we need it, without the large upfront capital investment."
IBM Managed Storage Services is available now to US customers. It will be available in Europe by the end of the year.
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