ARMONK, NY and SEOUL, KOREA - 10 Dec 2015: IBM (NYSE: IBM) and Korean IT services company SK Holdings C&C announced an agreement to develop cloud solutions and services for enterprises across a variety of industries. Jointly, the companies intend to drive over $200 million as a result of this collaboration over the next five years.

SK Holdings C&C selected IBM as its premier provider of cloud infrastructure services in order to help businesses digitally transform into the new era of cloud computing.

SK Holdings C&C will use IBM Cloud to run solutions for various industries including public, financial services, telecommunications and manufacturing. The company will also work with IBM to deliver its Software as a Service (SaaS) offerings and Platform as a Service (PaaS) capabilities for developing these services and solutions on the IBM Cloud.

By teaming with IBM, SK Holdings C&C will also be able to leverage the full-range of IBM Cloud services, including bare metal servers, virtual servers, storage, security, networking and other hybrid cloud services to address the needs of clients.

SK Holdings C&C will lead the development of value-added solutions and services for its customers and combine its strong local knowledge with IBM’s cloud technology and global reach.

As part of the agreement, SK Holdings C&C and IBM will also build a public cloud center, located in Pangyo, South Korea next year. Customers in Korea will benefit from a faster time-to-market, support for industrial-strength public and hybrid cloud, and access to more than 40 IBM Global Cloud data centers so they can manage their data more securely and efficiently across global markets.

SK Holdings C&C PaaS and SaaS solutions delivered on the IBM Cloud will include its IT development solutions and services platforms. Working with IBM, SK Holdings C&C will also provide cloud management services to enterprises, such as 24x7 monitoring and provisioning, and cloud infrastructure management.

“The collaboration with IBM will ensure that our customers will be able to implement their systems and services based on the same cloud anywhere around the world quickly and without any initial costs,” said Jung-Ho Park, President & CEO, SK Holdings C&C. “With our IT services and convergent Information and Communications Technology (ICT) solutions we will open the era of ready-made IT solutions for companies across Korea.”

"Digital transformation is taking hold across the globe, with cloud serving as the key driver for helping companies to embrace this trend. Korea is an important market for IBM and this collaboration with SK Holdings C&C will significantly boost cloud adoption in the country and across the region,” said Robert LeBlanc, Senior Vice President, IBM Cloud. “The combination of SK Holdings C&C's solutions with IBM's cloud capabilities will give customers the ability to compete on a global scale.”