IBM Expands the Power of Social Business with New Cloud, Mobile Advances

ARMONK, N.Y., Dec. 6, 2012 /PRNewswire/ -- IBM (NYSE: IBM) today announced new social business software to help enterprise clients collaborate easily and securely in the cloud using the broadest range of mobile devices. The new IBM SmartCloud services include new social networking features and the release of IBM SmartCloud Docs, a cloud-based office productivity suite, which allows users to simultaneously collaborate on word processing, spreadsheet and presentation documents to improve productivity.

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According to Forrester Research, cloud computing will grow from a $41 billion business in 2010 to $241 billion in 2020*. At the same time, social networking is on the rise. According to Forrester Research, the market opportunity for social enterprise apps is expected to grow at a rate of 61 percent through 2016, reaching $6.4 billion**.

While many firms have adopted cloud, mobile and social networking, IBM is helping clients, including the University of Texas at El Paso, capitalize on the convergence, making it safe for the enterprise.