SXiQ's skilled delivery professionals bring deep experience
on multicloud platforms
ARMONK, N.Y., Nov. 30, 2021 /PRNewswire/ -- IBM
(NYSE: IBM) today announced the acquisition of SXiQ,
an Australian digital transformation services company specializing
in cloud applications, cloud platforms and cloud cybersecurity.
Today's news further advances IBM's hybrid cloud and AI strategy by
helping enterprises modernize and transform complex
mission-critical applications on multiple clouds and platforms.
"Companies are very clearly deploying hybrid cloud strategies
as interoperability, security, compliance and avoiding vendor
lock-in are top of mind," said John
Granger, Senior Vice President, Hybrid Cloud Services, IBM
Consulting. "IBM's acquisition of SXiQ brings additional hybrid and
multicloud expertise that is at the core of open innovation for
clients."
Organizations are increasingly turning to multiple cloud
providers and platforms to best meet a broad range of business
needs. A recent global IBM study found that hybrid cloud is
the dominant IT architecture with only three percent of C-level
executives using a single private or public cloud in 2021.
SXiQ works with leading Australian enterprises, as well as the
Australian operations of global Fortune 2000 companies, to
successfully migrate and modernize their cloud infrastructure and
applications across multiple industries including financial
services, consumer products, energy, healthcare, and the public
sector. The company also works with clients to monitor and optimize
their spend on cloud resources, helping enterprises unlock greater
value from their cloud investment to realize cost savings of 20
percent or more.
SXiQ will enhance IBM Consulting's capabilities in Australia and New
Zealand to modernize applications and technology
infrastructure in the cloud. This is the 20th
acquisition – and tenth consulting acquisition - since Arvind Krishna became IBM's CEO, adding to the
significant investments the company is making in its hybrid cloud
and AI strategy. The announcement of the SXiQ acquisition follows
recent acquisitions by IBM of leading cloud consulting firms –
Nordcloud, Taos,
and BoxBoat – earlier this year, which significantly
expanded IBM's multicloud transformation, management expertise and
capabilities in Europe and
North America.
SXiQ will join IBM Consulting's fast-growing Hybrid Cloud
Services business, helping IBM capitalize on a rapidly growing
cloud professional services market which will surpass $200 billion globally by 2024.1
SXiQ's team of technology consultants brings expertise
transforming and migrating enterprise workloads on cloud platforms
including Amazon Web Services and Microsoft Azure.
"Our digital transformation experience and track record of
client delivery on leading cloud platforms will send a strong
signal affirming our and IBM's commitment to clients' successful
journey to cloud," said John Hanna,
Managing Director, SXiQ. "Our clients can now take advantage of
IBM's broad capabilities around ERP systems, Data & Analytics,
Machine Learning & AI, deep platform partnerships and global
delivery capabilities, allowing us to broaden the transformational
capabilities we can bring to our customers, ensuring they can take
their own digital transformation further and deeper."
Financial details were not disclosed.
To learn more about IBM Consulting, please
visit: www.ibm.com/consulting
1 Estimates based on Gartner and IDC 2024
projections for cloud managed services and professional
services.
Media contacts:
Marisa Conway
IBM Global Communications
conwaym@us.ibm.com
Elizabeth Egginton
IBM Communications Australia & New
Zealand
elizegg@au1.ibm.com
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