IBM is set to acquire Accelalpha, a global provider of Oracle Cloud Applications consulting, to enhance skilled consultants and new business.
This acquisition expands IBM’s Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management (EPM) and customer transformation. Financial details were not disclosed.
Accelalpha, founded in 2009, will join IBM Consulting. Mohamad Ali is the Chief Operating Officer of IBM Consulting.
IBM Consulting business has clocked revenue of $19.985 billion in 2023 vs $19.107 billion in 2022. IBM in its annual report 2023 said its partnerships which account for approximately 40 percent of Consulting revenue, delivered double-digit growth in 2023 on a year-to-year basis in both Consulting signings and revenue.
Kelly Chambliss, Senior Vice President, IBM Consulting, Americas, said: “With our acquisition of Accelalpha, IBM will be even better positioned to help our clients deploy and manage Oracle solutions, including generative AI and cloud technology, for competitive advantage.”
Headquartered in Bellevue, Washington, Accelalpha is a provider of Oracle Cloud Applications consulting across advisory, implementation and managed services. Accelalpha has clients across North America, Europe, Asia, the Middle East and South America, with a focus on distribution, industrial and financial services sectors.
Accelalpha has grown organically and through acquisition. Main acquisitions include Prolog Partners, Key Performance Ideas, LogistiChange and Frontera Consulting.
IBM was named a Leader in the 2023 IDC MarketScape for Oracle Implementation Services Ecosystem Worldwide.
Baburajan Kizhakedath
