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3/23/15: International Business Machines Corp. (NYSE: IBM) and Twitter Inc. (NYSE: TWTR) have launched their co-developed data services and developer tools, which will use IBM's cloud-based data analysis services to mine Twitter's data stream. The two companies announced their partnership last October, with the goal of growing revenue at IBM's cloud business and Twitter's data licensing segment.
For IBM, the Twitter deal represents a way to accelerate the growth of its cloud business. Last year, IBM's cloud revenue climbed 60% year over year to $7 billion, but that represented a mere 7.5% of the company's total 2014 revenue.