VC veteran George Ugras to head IBM Ventures

George Ugras has joined IBM as managing director of IBM Ventures. That's a big job, considering how much money IBM throws into its strategic investments. Big Blue doesn't disclose exactly how much it puts into investments. But the company did say that in 2015 it invested more than 13 billion in research and development, capital expansions, acquisitions, and strategic investments. IBM has put billions into cognitive analytics, cloud, mobile, security, and social.