IBM's Mainframe Technology Turns 50, Busts Big Banking Move - Presented by: The Aol. On Network

IBM is celebrating the 50th anniversary of its mainframe technology but also has an eye on the future, targeting cloud and mobile as key growth areas for its System z offerings. IBM executive Steve Mills tells TheStreet's James Rogers that the mainframe has emerged as the platform of choice for next-generation banking, citing, in particular, System z support for mobile banking in Africa. Mills also sees mainframes as a good fit for service providers and enterprise private clouds.

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