It requires time to accomplish, requires disciplines and a different level of change management that is unlike partnering services for helping customers move down the open cloud platform and AI route. But its legacy infrastructure business required that the firm operate with stability and discipline.įurthermore, the business engaged in modernizing and migrating customers’ legacy infrastructures to the cloud. For its AI and open source cloud platform business, IBM needed to be an agile IP-based firm. Fundamentally, the businesses tried to do different kinds of operations, made decisions and investments differently and partnered with customers differently. It was confusing for services customers with both businesses under one roof. IBM Communications, U.S.Let’s consider in more detail the implications for all IBM stakeholder groups as well as its competitors. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. Financial details of the deal were not disclosed. IBM's acquisition of Octo from Arlington Capital Partners is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. "Today, we are excited to join forces with IBM to continue to deliver these digital transformation capabilities with greater reach and scale." "Octo was founded on the belief that digital transformation could be delivered at scale to modernize the federal government's approach to today's most pressing challenges – from public healthcare to national security, to defense and intelligence," said Mehul Sanghani, Chief Executive Officer of Octo. With a proven track record of enabling rapid IT modernization and seamless citizen engagement, Octo also brings deep federal mission experience, as well as certifications in the technologies most used across the federal government. The acquisition of Reston, Va.-based Octo will complement IBM's existing strengths in IT modernization and digital transformation, enhancing its ability to support federal agencies with a flexible, modern approach to digital transformation and growing IBM Consulting's public and federal market organization to 4,200 highly-skilled employees. The convergence of new hybrid cloud and AI technologies enables government to deliver rapid improvements and adapt to unprecedented challenges. To address these complex challenges, agencies need an industry partner to help them navigate a scalable path to IT modernization with the power to leverage emerging technologies and applications, optimize costs and operational efficiencies, and improve security. domestic supply chains and more demand for citizen services. Today's news builds on prior IBM Consulting acquisitions, including Dialexa, Neudesic, and Taos.įederal government agencies face significant challenges including technology skills shortages, rebuilding of U.S. Since Arvind Krishna became CEO of IBM in April 2020, IBM has acquired more than 25 companies, bolstering its hybrid cloud and artificial intelligence (AI) capabilities. Octo will be IBM's eighth acquisition of 2022.
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