IBM acquires digital transformation services company SXiQ

Highlights

  • Global tech giant - IBM announced to acquire Australian digital transformation services firm SXiQ.
  • SXiQ works with leading Australian brands to migrate and modernise its cloud infrastructure and applications across multiple industries.
  • IBM's rapidly growing cloud professional service market is anticipated to surpass US$200 billion by 2024.

The global tech giant - IBM has acquired Australian digital transformation services firm SXiQ to accelerate its cloud infrastructure. The deal amount remained undisclosed.

The acquisition will further enhance IBM's hybrid cloud and AI strategy and help IBM transform and modernise its complex mission-critical applications over multiple cloud platforms. 

SXiQ works with leading Australian brands to successfully migrate and modernise its cloud infrastructure and applications across multiple industries, including consumer products, energy, financial services, healthcare, and the public.

Since Arvind Krishna joined IMB as CEO, this is the company's 20th acquisition and 10th consulting acquisition, adding to its major expenditures in its hybrid cloud and AI strategy.

Earlier this year, IMB acquired leading cloud consulting firms – Nordcloud, Taos, and BoxBoat.

SXiQ will not only accelerate IBM's consulting capabilities in Australia and New Zealand but will also join IBM's fast-growing Hybrid Cloud Services business, helping it capitalise on its cloud professional service market. 

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IBM's rapidly growing cloud professional service market is anticipated to surpass US$200 billion by 2024. SXiQ's tech team experts will offer their expertise in changing and moving enterprise workloads to cloud platforms such as Amazon Web Services and Microsoft Azure with this new acquisition.

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