International Business Machines Corp announced early on Monday that it is investing US$17 million in a new data centre located in Colombia’s capital city of Bogota.

IBM noted that this new data centre will provide Colombian companies with state of the art Cloud Computing and Big Data services. These services will allow the companies to transform their businesses to meet the growing demands of local and international markets. Furthermore, they will provide the companies with the ability to offer flexible, high quality, and personalized services to their customers.

“In the current competitive environment, Colombia companies are looking for high value solutions that help them solve complexity through innovation and business insight by addressing organic growth and productivity issues. Our new datacentre and our professionals aim to contribute to the private and public companies’ development and the country’s progress. This new investment showcases our clients’ trust in our expertise and services, as well as the commitment IBM has made to the country’s growth,” said Francisco Thiermann, General Manager IBM Colombia.

This new data centre facility will expand upon the US$8 million investment IBM made in Colombia when it opened up a data centre in 2011.

IBM Corp shares were down a fraction during pre-market trading on Monday. The stock is down 0.8% year-to-date.