IBM to acquire Octo
By MYBRANDBOOK
IBM has agreed to acquire U.S.-based IT modernization and digital transformation services provider Octo, which serves the U.S. federal government, including defense, health, and civilian agencies. After the acquisition, nearly 1,500 Octo employees will join IBM Consulting’s U.S. public and federal market organization. IBM’s acquisition of Octo from Arlington Capital Partners is expected to close in the fourth quarter of this year.
Federal government agencies face significant challenges including technology skills shortages, rebuilding of U.S. domestic supply chains and more demand for citizen services. To address these complex challenges, agencies need an industry partner to help them navigate a scalable path to IT modernization with the power to leverage emerging technologies and applications, optimize costs and operational efficiencies, and improve security. The convergence of new hybrid cloud and AI technologies enables the government to deliver rapid improvements and adapt to unprecedented challenges.
The acquisition of Octo will complement IBM’s existing strengths in IT modernization and digital transformation, enhancing its ability to support federal agencies with a flexible, modern approach to digital transformation and growing IBM Consulting’s public and federal market organization to 4,200 highly-skilled employees. Octo also brings deep federal mission experience, as well as certifications in the technologies most used across the federal government.
John Granger, Senior Vice President of IBM Consulting, said, “Governments require agility and resiliency to meet the evolving needs of citizens directly and in real time. The combination of Octo’s highly qualified and respected team with IBM's consulting expertise, technical capabilities and strategic partner ecosystem will enable federal clients to transform faster and better serve citizens.”
Mehul Sanghani, Chief Executive Officer of Octo, said, “Octo was founded on the belief that digital transformation could be delivered at scale to modernize the federal government's approach to today's most pressing challenges – from public healthcare to national security, to defense and intelligence. Today, we are excited to join forces with IBM to continue to deliver these digital transformation capabilities with greater reach and scale.”
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