2022-12-07 | NYSE:IBM | Press Launch
Acquisition to deliver Octo’s experience and agility along with IBM’s attain and scale to assist speed up U.S. federal authorities digital transformation
ARMONK, N.Y., Dec. 7, 2022 /PRNewswire/ — IBM (NYSE: IBM) immediately introduced an settlement to accumulate Octo, a U.S.-based IT modernization and digital transformation providers supplier solely serving the U.S. federal authorities, together with protection, well being, and civilian businesses. IBM’s acquisition of Octo establishes one of many largest digital transformation companions to the federal authorities. Upon the shut of the acquisition, Octo’s roughly 1,500 staff will be part of IBM Consulting’s U.S. public and federal market group.
Octo will likely be IBM’s eighth acquisition of 2022. Since Arvind Krishna grew to become CEO of IBM in April 2020, IBM has acquired greater than 25 corporations, bolstering its hybrid cloud and synthetic intelligence (AI) capabilities. As we speak’s information builds on prior IBM Consulting acquisitions, together with Dialexa, Neudesic, and Taos.
Federal authorities businesses face important challenges together with know-how expertise shortages, rebuilding of U.S. home provide chains and extra demand for citizen providers. To deal with these advanced challenges, businesses want an {industry} associate to assist them navigate a scalable path to IT modernization with the ability to leverage rising applied sciences and functions, optimize prices and operational efficiencies, and enhance safety. The convergence of recent hybrid cloud and AI applied sciences permits authorities to ship speedy enhancements and adapt to unprecedented challenges.
The acquisition of Reston, Va.-based Octo will complement IBM’s present strengths in IT modernization and digital transformation, enhancing its capacity to assist federal businesses with a versatile, fashionable strategy to digital transformation and rising IBM Consulting’s public and federal market group to 4,200 highly-skilled staff. With a confirmed observe report of enabling speedy IT modernization and seamless citizen engagement, Octo additionally brings deep federal mission expertise, in addition to certifications within the applied sciences most used throughout the federal authorities.
“Governments require agility and resiliency to satisfy the evolving wants of residents immediately and in actual time,” mentioned John Granger, Senior Vice President of IBM Consulting. “The mixture of Octo’s extremely certified and revered workforce with IBM’s consulting experience, technical capabilities and strategic associate ecosystem will allow federal shoppers to remodel quicker and higher serve residents.”
Constructing on a shared dedication to co-creation, oLabs, Octo’s 14,000 sq. foot innovation middle with in-house computing functionality, expands IBM’s capacity to work collaboratively with federal businesses to quickly prototype rising know-how options – enabling larger affect for federal businesses and the folks they serve.
“Octo was based on the assumption that digital transformation could possibly be delivered at scale to modernize the federal authorities’s strategy to immediately’s most urgent challenges – from public healthcare to nationwide safety, to protection and intelligence,” mentioned Mehul Sanghani, Chief Govt Officer of Octo. “As we speak, we’re excited to hitch forces with IBM to proceed to ship these digital transformation capabilities with larger attain and scale.”
IBM’s acquisition of Octo from Arlington Capital Companions is anticipated to shut within the fourth quarter of this yr and is topic to customary closing situations and regulatory clearances. Monetary particulars of the deal weren’t disclosed.
About IBM
IBM is a number one supplier of world hybrid cloud and AI, and consulting experience. We assist shoppers in additional than 175 nations capitalize on insights from their knowledge, streamline enterprise processes, cut back prices and achieve the aggressive edge of their industries. Greater than 4,000 authorities and company entities in vital infrastructure areas equivalent to monetary providers, telecommunications and healthcare depend on IBM’s hybrid cloud platform and Purple Hat OpenShift to have an effect on their digital transformations shortly, effectively and securely. IBM’s breakthrough improvements in AI, quantum computing, industry-specific cloud options and consulting ship open and versatile choices to our shoppers. All of that is backed by IBM’s legendary dedication to belief, transparency, duty, inclusivity and repair. Go to www.ibm.com for extra info.
Contact
Banks Willis
IBM Communications, U.S. Public & Federal Sector
[email protected]
Marisa Conway
IBM Communications, IBM Consulting
[email protected]
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