IBM acquires Cloud services firm 'Neudesic' for an undisclosed sum

IBM acquires Cloud services firm 'Neudesic' for an undisclosed sum

AgenciesUpdated: Wednesday, February 16, 2022, 03:59 PM IST
article-image
With this acquisition, IBM Consulting is gaining even more capabilities and assets to help clients succeed on their digital transformation journeys./ Representative image | File photo

Tech major IBM has acquired Cloud services consultancy firm Neudesic, specialising in Microsoft Azure platform, for an undisclosed sum.

Headquartered in California, Neudesic has more than 1,500 Cloud and data experts across the US and in India.

Neudesic offers deep expertise in technology transformation, delivering Microsoft Azure cloud services to clients across the health and life sciences, financial services, energy and utilities, professional services and retail industries.

"Neudesic adds deep Azure cloud, data engineering and data analytics expertise to accelerate our clients' hybrid cloud journeys," John Granger, Senior Vice President, IBM Consulting, said in a statement late on Tuesday.

IBM has acquired more than 20 companies -- 12 in IBM Consulting alone -- since Arvind Krishna became CEO in April 2020.

Judson Althoff, Executive Vice President and Chief Commercial Officer, Microsoft said that Neudesic and Microsoft are enabling enterprises to achieve their business outcomes with Azure platform, leveraging a combination of services and IP.

"With this acquisition, IBM Consulting is gaining even more capabilities and assets to help clients succeed on their digital transformation journeys," he added.

IBM and Neudesic signed a definitive agreement leading to the acquisition in IBM's fourth quarter 2021.

"The combination of our capabilities with IBM's hybrid cloud vision and scale will drive even more impactful innovation for clients," said Parsa Rohani, Co-Founder and CEO, Neudesic.

(With inputs from IANS)

RECENT STORIES

India's Gems & Jewellery Sector Hails Historic US Trade Deal, Zero Tariffs On Diamonds Set To Boost...
India's Gems & Jewellery Sector Hails Historic US Trade Deal, Zero Tariffs On Diamonds Set To Boost...
Pakistan Faces Twin Risks Of Unrest And Mass Migration As Unemployment Deepens
Pakistan Faces Twin Risks Of Unrest And Mass Migration As Unemployment Deepens
Karur Vysya Bank Expands Footprint With Inauguration Of 900th Branch In Chennai
Karur Vysya Bank Expands Footprint With Inauguration Of 900th Branch In Chennai
Zero-Duty Access For 800–1,600 cc US Motorcycles Under India-US Trade Pact To Boost...
Zero-Duty Access For 800–1,600 cc US Motorcycles Under India-US Trade Pact To Boost...
AEPC Welcomes India-US Trade Framework As Textiles And Apparel Sector Set For Major Export Boost
AEPC Welcomes India-US Trade Framework As Textiles And Apparel Sector Set For Major Export Boost