IBM Bets $1 Billion on New Mainframe in Shrinking Market
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International Business Machines Corp. spent more than $1 billion over four years to develop a new mainframe computer, betting it can keep up with businesses shifting to cloud-based software and storage.
The Armonk, New York-based company is unveiling the zEnterprise EC12 mainframe server today, the latest iteration of a 48-year-old product. It’s the outcome of more than $1 billion in research and development around the world to make the fastest and most secure IBM mainframe yet, said Rod Adkins, senior vice president of systems and technology.