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Hello, tech enthusiasts! Today we’re diving into the exciting world of technology and acquisitions.
IBM recently made a significant move by acquiring Hakkoda, a data and AI consultancy nestled in New York. This acquisition is poised to enhance IBM’s capability to connect clients with top-tier consultants and AI solutions.
Mohamad Ali, who heads IBM’s consulting business, emphasized that this partnership will allow IBM to provide greater value to clients across sectors such as financial services, public services, and healthcare.
With Hakkoda’s strengths in data expertise and strong tech partnerships, IBM aims to deliver improved service at a quicker pace as clients transition to AI-powered strategies.
Although the financial details of the acquisition haven’t been revealed, this move aligns with IBM’s ongoing strategy to invest heavily in AI and automation.
Earlier this year, they bought DataStax, a platform for developing AI applications, and acquired HashiCorp, a security and infrastructure firm, bolstering their AI-centric approach.
In fact, IBM experienced its largest revenue boost in five years, thanks to its focus on AI innovations, underscoring the potential of AI in driving future growth.
Hakkoda, founded in 2021 by former Deloitte executive Erik Duffield, specializes in migrating data to cloud platforms, particularly Snowflake. Their suite of tools helps businesses modernize outdated data systems efficiently.
With several experts in the field joining IBM, Hakkoda is set to make waves in modern data consulting and shape the ever-evolving tech landscape.
