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IBM acquires Hakkoda Inc. to enhance AI services

PUBLIC · IBMApr 07, 2025

Acquiring Company

International Business Machines Corporation

Acquired Company

Hakkoda

ArmonkNew YorkInformation Technologyinformation technology & servicesConsulting

Description

IBM has successfully acquired Hakkoda Inc., enhancing its data transformation capabilities in AI consulting. This acquisition allows IBM to integrate Hakkoda's expertise in modernizing data estates, catering to the rising demand for data services. The transaction was completed on April 2, 2025, and financial details have not been disclosed. Hakkoda's extensive background in various industries will further support IBM's strategic goals.

Quick answer

International Business Machines Corporation is acquiring Hakkoda, announced April 7, 2025. International Business Machines Corporation is based in Armonk, New York, United States.

How much did International Business Machines Corporation pay for Hakkoda?
The deal value was not disclosed.
What does International Business Machines Corporation do?
International Business Machines Corp (IBM) is a global leader in IT services and consulting, serving 95% of all Fortune 500 companies.
Where are International Business Machines Corporation and Hakkoda based?
International Business Machines Corporation is based in Armonk, New York, United States. Hakkoda is based in New York, New York, United States.
Who are the decision-makers at International Business Machines Corporation?
Fundz holds 3 contacts at International Business Machines Corporation. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

International Business Machines Corporation

Location

1 Orchard Road

Armonk, New York, United States

About

International Business Machines Corp (IBM) is a global leader in IT services and consulting, serving 95% of all Fortune 500 companies. With significant influence in handling 90% of all credit card transactions worldwide and 50% of all wireless connections, IBM strategically focuses on hybrid cloud and AI innovations.

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Frequently asked

Who acquired Hakkoda?

Hakkoda was acquired by International Business Machines Corporation, based in Armonk. The deal was reported on April 7, 2025. International Business Machines Corp (IBM) is a global leader in IT services and consulting, serving 95% of all Fortune 500 companies. International Business Machines Corporation is publicly traded (IBM) and operates in Information Technology.

When did International Business Machines Corporation acquire Hakkoda?

International Business Machines Corporation's acquisition of Hakkoda was reported on April 7, 2025. IBM has successfully acquired Hakkoda Inc., enhancing its data transformation capabilities in AI consulting. This acquisition allows IBM to integrate Hakkoda's expertise in modernizing data estates, catering to the rising demand for data services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hakkoda do?

Hakkoda, an IBM Company, is a modern data consultancy, helping companies harness cloud platforms and AI capabilities. It is privately held, operating in Consulting, and is based in New York.

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