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IBM To Acquire Hybrid Cloud Consulting Firm BoxBoat Technologies For Undisclosed Sum

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  • International Business Machines Corp (NYSE: IBM) announced plans to acquire a DevOps consultancy and enterprise Kubernetes certified service provider, BoxBoat Technologies.

  • The financial terms of the transaction remain undisclosed.

  • BoxBoat will extend IBM's container strategy and implementation services portfolio to advance IBM's hybrid cloud strategy and accelerate the global adoption of Red Hat OpenShift.

  • BoxBoat helps clients establish containers and Kubernetes as core enablers for cloud solutions.

  • Its track record of delivering complex cloud consulting projects includes advising many Fortune 100 and government clients on industry best practices, modernizing existing DevOps solutions, and containerizing mission-critical workloads.

  • BoxBoat builds on IBM's ongoing investment in hybrid cloud services and driving growth within the $200 billion cloud professional services market.

  • IBM held $11.3 billion in cash and equivalents as of March 31, 2021.

  • Price action: IBM shares traded higher by 0.67% at $140.76 on the last check Thursday.

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