IT company IBM announced yesterday the opening of a new Cloud Computing Laboratory in Hong Kong which will support its LotusLive cloud services.
The company said that the Laboratory is the tenth one world wide and will serve as a development facility for Web 2.0, cloud mail and collaboration.
The company said that it expects the global cloud computing market to grow at a compounded annual rate of 28% from USD47bn in 2008 to USD126bn in 2012, based on various market estimates.
IBM's LotusLive delivers a suite of collaboration and social networking services including email, instant messaging, file-sharing, Web meetings and project management
starting at USD3 per user per month.
The laboratory builds on the email technology and expertise of Outblaze Limited, a Hong Kong-based company whose messaging assets were acquired by IBM earlier this year and incorporated into the Lotus brand of collaboration services. The laboratory now serves as a major development lab for LotusLive, an integrated suite of cloud-based collaboration solutions.
No details of IBM's investment in the laboratory were disclosed.