IBM on Thursday mentioned that it was buying utility modernization belongings from Superior in an effort to boost the mainframe utility and knowledge modernization providers of its consulting enterprise.
Superior, which is headquartered out of Birmingham, UK, offers mainframe modernization and OpenVMS and VME migration providers.
The belongings and providers acquired from Superior are anticipated to enhance the capabilities of IBM watsonx Code Assistant for Z, the corporate mentioned in a press release.
IBM launched watsonx Code Assistant for Z, a generative AI-assisted product, in August final yr as a part of its efforts to assist IBM Z methods clients modernize their functions.
The workers from Superior who will be part of IBM Consulting as soon as the acquisition is full have greater than 30 years of expertise in supporting purchasers’ mainframe methods and utility modernization agendas by an array of mainframe utility modernization providers, together with evaluation and design; mainframe transformation and integration; and full deployment, IBM mentioned in a press release.
These workers have additionally labored throughout totally different business sectors, together with monetary providers, insurance coverage, automotive, journey and transportation, authorities, utilities, and media, the corporate mentioned.
The monetary particulars of the deal weren’t disclosed. Nevertheless, each corporations anticipate the transaction to shut within the second quarter of 2024.
IBM’s acquisition spree underneath Krishna as CEO
Whereas that is IBM’s first acquisition in 2024, the corporate has been on an acquisition spree. Since CEO Arvind Krishna took cost in April 2020, the corporate has acquired greater than 35 corporations in efforts to bolster its consulting enterprise and increase its hybrid cloud and AI capabilities.
Final yr in August, IBM acquired Indonesia-based ERP specialist and cloud consulting providers supplier Equine World in a bid to spice up its consulting enterprise within the Asia Pacific area. In the identical month, the corporate acquired Manta Software program, a knowledge lineage platform, to enhance its capabilities inside watsonx.ai.
Previous to that, IBM had acquired software program supplier Apptio for $4.6 billion to assist enterprises optimize their IT expenditure, notably cloud prices. The yr 2023 additionally noticed Massive Blue buying SaaS-based PrestoDB supplier Ahana in April.
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