IBM acquires Hakkoda consulting activity for AI Investment Push

IBM on Monday said it had acquired HackConsulting data and AI based in New York.

The acquisition will “further expand” IBM’s ability to bring consultants and AI to clients, especially customers in industries such as financial services, public sector and health and life sciences, Mohammad Ali, SVP and IBM’s consulting business head said in a statement.

“With Hakkoda data expertise, deep-technology partnerships and assets-oriented delivery model will be even better positioned to deliver value faster for customers while transforming with AI,” Ali said.

The financial conditions of the transaction were not disclosed.

The deal comes as IBM continues to increase its investment in AI and automation technologies. In February the company acquired DatastaxPlatform to build AI apps and recently finalizes your purchase Hashicorp infrastructure and security automation company.

The strategy gave fruit for IBM. During the Q4 2024, the company that makes the bigger part of its income from AI from consultation, recorded your biggest leap of revenue After five years – sending your stocks, elevating 10%. IBM said at that time that AI reservations and sales amounted to over $ 5 billion Home until nowS

Co-founder in 2021 from the former GM-Deloitte GM Erik Duffield, Hakkoda helps customers move data to the cloud-specialist, the snowflake cloud. Starting offers a number of tools to help companies migrate and transform data as well as products for “modernization” data from older systems.

Starting had been able to raise a total of $ 5.6 million at risk, According to CrunchbaseS Its supporters include Tercera, Lead Edge Capital and Casimir Holdings.

Duffield said hundreds of Hakkoda consultants in the US, Latin America, India, Europe and the United Kingdom will join the IBM consulting department as part of the deal.

“From the beginning, Hakkoda is committed to being” in the arena, “does not observe the largest transformation in history, but shapes it,” says Dufield in a statement. “The heritage of IBM innovation, their commitment to detect and deep partnerships about their most technical challenges (are) perfect countertop market. ”