IBM is set to acquire Octo, a U.S.-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government.
IBM’s acquisition of Octo will enable IBM Consulting’s U.S. public and federal market organization to add Octo’s 1,500 employees to total 4,200 employees.
Reston, Va.-based Octo will be IBM’s eighth acquisition of 2022. Since Arvind Krishna became CEO of IBM in April 2020, IBM has acquired more than 25 companies, bolstering its hybrid cloud and artificial intelligence (AI) capabilities. IBM Consulting acquisitions include Dialexa, Neudesic, and Taos.
“The combination of Octo’s team with IBM’s consulting expertise, technical capabilities and strategic partner ecosystem will enable federal clients to transform faster and better serve citizens,” said John Granger, Senior Vice President of IBM Consulting.
IBM’s acquisition of Octo from Arlington Capital Partners is expected to close in the fourth quarter of this year. Financial details of the deal were not disclosed.