Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
IBM to Acquire Octo
May 20, 2024 | PRNewswireEstimated reading time: 2 minutes
IBM announced an agreement to acquire Octo, a U.S.-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government, including defense, health, and civilian agencies. IBM's acquisition of Octo establishes one of the largest digital transformation partners to the federal government. Upon the close of the acquisition, Octo's approximately 1,500 employees will join IBM Consulting's U.S. public and federal market organization.
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. Today's news builds on prior IBM Consulting acquisitions, including Dialexa, Neudesic, and Taos.
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 government to deliver rapid improvements and adapt to unprecedented challenges.
The acquisition of Reston, Va.-based 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. With a proven track record of enabling rapid IT modernization and seamless citizen engagement, Octo also brings deep federal mission experience, as well as certifications in the technologies most used across the federal government.
"Governments require agility and resiliency to meet the evolving needs of citizens directly and in real time," said John Granger, Senior Vice President of IBM Consulting. "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."
Building on a shared commitment to co-creation, oLabs, Octo's 14,000 square foot innovation center with in-house computing capability, expands IBM's ability to work collaboratively with federal agencies to rapidly prototype emerging technology solutions – enabling greater impact for federal agencies and the people they serve.
"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," said Mehul Sanghani, Chief Executive Officer of Octo. "Today, we are excited to join forces with IBM to continue to deliver these digital transformation capabilities with greater reach and scale."
IBM's acquisition of Octo from Arlington Capital Partners is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details of the deal were not disclosed.
Share on:
Suggested Items
Airbus Continues to Collaborate with NASA to Monitor Climate Change from Space
03/22/2024 | AirbusAirbus has been awarded a contract to design and build the GRACE-C twin spacecraft by NASA’s Jet Propulsion Laboratory JPL (Pasadena, California). This new mission of NASA and the German Space Agency at the German Aerospace Center (DLR) will strengthen the more than 20 year long partnership between the USA and Germany to ensure uninterrupted measurement of the Earth's gravity field, which started in 2002 with GRACE and continues with GRACE Follow-On, launched in 2018.
WHMA’s Annual Global Leadership Summit Offers Technical Education Workshop on Strategic Practices for Success
11/28/2023 | IPCNeil Shah, senior technical director at alliantgroup, a tax and business consultancy, will present a technical education workshop,
U.S. Circuit Acquires AS9100 Certification
11/03/2023 | U.S. CircuitU.S. Circuit, a premier supplier of commercial and mil/aero PCBs, has recently obtained their AS9100 certification. This certification will allow U.S. Circuit to further expand their military and aerospace offerings to further serve sectors requiring stricter regulation including the Department of Defense (DoD), National Aeronautics and Space Administration (NASA), and the Federal Aviation Administration (FAA).
Forecasting the Wind: IPC's Expert Economist on the Impact of Inflation Rates
10/31/2023 | Shawn DuBravac, IPCIn the enchanting world of Shakespeare's plays, prophecies often set the stage for unforeseen twists and turns. Just as Macbeth could not have anticipated the tumultuous journey that lay ahead after encountering the three witches, the financial markets and policymakers find themselves in a similarly uncertain terrain. Take prices, which rose sharply in 2022. The Federal Reserve was slow to respond. Although the rate of inflation has declined since reaching its zenith last year, it continues to exceed the Federal Reserve's 2% inflation goal. “Higher for longer” is likely the mantra for interest rates. This prolonged period of higher interest rates will have a ripple effect on various sectors of the economy.
GlobalFoundries Submits Applications for U.S. CHIPS and Science Act Funding
09/26/2023 | GlobalFoundriesGlobalFoundries (GF) announced it has applied for U.S. CHIPS and Science Act Funding, with two full applications submitted to the CHIPS Program Office of the U.S. Department of Commerce.