IBM focuses on growth through the strategic acquisition of Accelalpha

IBM has signed a strategic agreement to acquire Accelalpha, a global expert in the implementation, integration, and management of Oracle Cloud Applications. With this acquisition, IBM aims to strengthen its Oracle consulting expertise in key areas such as supply chain and logistics, finance, enterprise performance management (EPM), and customer transformation. For nearly four decades, IBM has partnered with Oracle to support customers in their journey to the cloud and to maximize their business transformations in a complex hybrid cloud world. As an “Oracle Cloud Excellence Certified Implementer,” Accelalpha possesses the world’s largest Oracle logistics practice and was the first Oracle partner to implement Oracle Fusion Financials. The highly skilled team at Accelalpha has expertise in a wide range of Oracle Cloud Applications, including Oracle Cloud Enterprise Resource Planning, Oracle Supply Chain Management, and EPM. The company operates in North and South America, Europe, Asia, and the Middle East. Following the acquisition, IBM will integrate Accelalpha’s large global team into its infrastructure and assist its clients in implementing and managing state-of-the-art Oracle solutions, including generative AI and cloud technology. This advancement is expected to enhance IBM’s productivity and provide clients with competitive advantages through Oracle’s cloud applications and technology. IBM has established itself as a leading provider of cloud and data platforms and benefits from strong demand for hybrid cloud and AI. The company’s growth is expected to be driven primarily by analytics, cloud computing, and security. With this acquisition, IBM intends to further expand its services worldwide and strengthen its reputation for delivering innovative solutions in hybrid cloud, AI, and consulting services, which is expected to improve revenues in the coming quarters. IBM’s shares have gained 37.2% in the past year, compared to a rise of 24.1% in the industry.