IBM announced plans to acquire Dialexa, a digital product engineering services firm, to strengthen IBM’s product engineering expertise.
Dialexa will be the sixth acquisition IBM has made in 2022, bolstering the company’s hybrid cloud and AI skills and capabilities. Since Arvind Krishna became CEO in April 2020, IBM acquired more than 25 companies. IBM Consulting acquired 13 acquisitions, including Dialexa. IBM Consulting’s prior acquisitions, including Neudesic, Sentaca, Nordcloud and Taos.
The acquisition of Dialexa will be IBM Consulting’s first in the fast-growing digital product engineering services market, which is estimated to reach $700 billion by 2026. Dialexa will join IBM Consulting, spearheading IBM’s digital product engineering services presence in the Americas.
Founded in 2010, Dialexa has a team of 300 product managers, designers, full-stack engineers and data scientists, based in Dallas and Chicago. Its clients include Deere & Company, Pizza Hut US, and Toyota Motor North America.
The transaction is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details were not disclosed.