IBM Acquires 7Summits from Sverica Capital Management

Arctiq Acquires Summit Partners (IT Consulting Firm)

November 19, 2024

IT Services

Arctiq has acquired Summit Partners, an IT consulting and value‑added reseller headquartered in Las Vegas, Nevada. The deal expands Arctiq’s presence across the U.S. West and bolsters its capabilities in managed security, data & AI, IT modernization, and hybrid cloud services.

IBM Acquires TruQua Enterprises

November 16, 2020

IT Services

IBM has reached a definitive agreement to acquire TruQua Enterprises, an SAP consulting partner that specializes in finance and analytics solutions. The acquisition bolsters IBM Services' SAP S/4HANA finance capabilities and supports IBM's hybrid cloud growth agenda; financial terms were not disclosed.

IBM Acquires Taos to Boost Hybrid Cloud Consulting Capability

January 14, 2021

IT Services

IBM agreed to acquire Taos, a multi-cloud consulting and managed services provider headquartered in San Jose, California, to strengthen IBM's hybrid cloud consulting, migration and managed services capabilities. Financial terms were not disclosed; the deal was announced in January 2021 (expected to close Q1 2021). Taos brings deep public-cloud partnerships (AWS, Google Cloud, Microsoft Azure) and experience across technology, financial services, healthcare, retail, transportation and education.

Sia Partners Acquires Summus Group

October 5, 2021

Consulting

Sia Partners, an international management and AI consulting firm, has acquired Summus Group, a U.S.-based management consulting firm specializing in business and technology transformation for the financial industry. The deal adds ~80 consultants and strengthens Sia Partners' East Coast presence—notably Charlotte and Atlanta—while expanding its fintech and banking capabilities in the U.S.

IBM Acquires Apptio Inc.

June 26, 2023

Cloud & SaaS

IBM has acquired Apptio Inc. from Vista Equity Partners for $4.6 billion, adding Apptio's FinOps and cloud cost-management SaaS capabilities to IBM's IT automation and watsonx AI portfolio. The deal is intended to create a 360-degree technology business management platform, drive synergies across IBM's automation, Red Hat and consulting businesses, and augment IBM's AI/data capabilities with Apptio's anonymized IT spend data.

IBM Acquires StreamSets and webMethods from Software AG

December 18, 2023

Cloud & SaaS

IBM agreed to acquire StreamSets and webMethods, Software AG’s Super iPaaS enterprise platforms, for €2.13 billion in cash. The deal strengthens IBM’s watsonx data ingestion and hybrid cloud integration capabilities by adding data ingestion, integration and API management technologies and their recurring-revenue customer bases.