IBM CEO Ginni Rometty Vows To Spend Another $1 Billion On IBM's Cloud Computing Business (IBM)

Software is the lifeblood of IBM but CEO Ginni Rometty is ready to turn that business on its head to own the up-and-coming cloud computing market. Not that she has a lot of choice. On Monday, the company committed to spending $1 billion to put its entire, huge software portfolio into the cloud, so that enterprises can buy that software as a service for a monthly fee, hosted on IBM's cloud. Previously, enterprises bought software in multi-year licenses and installed it on their own computers in t...