IBM Acquires Accelalpha
September 9, 2024
IBM has entered into a definitive agreement to acquire Accelalpha, a Bellevue-based Oracle Cloud Applications consultancy, from Century Park Capital Partners and other equityholders. The deal, expected to close in Q4 2024 pending customary approvals, will expand IBM Consulting's Oracle Cloud and supply‑chain/finance implementation and managed‑services capabilities; financial terms were not disclosed.
- Buyers
- IBM
- Targets
- Accelalpha, Inc.
- Sellers
- Century Park Capital Partners, Nat Ganesh (founder), Employee equityholders
- Industry
- IT Services
- Location
- Washington, United States
- Transaction Type
- Buyout
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