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Ibm To Acquire Octo

Dec 07, 2022•about 3 years ago

Acquiring Company

International Business Machines

Acquired Company

Octo

Armonkinformation technology & servicesInformation Technology

Description

IBM (NYSE: IBM) today announced an agreement to acquire Octo, a U.S.-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government, including defense, health, and civilian agencies. IBM's acquisition of Octo establishes one of the largest digital transformation partners to the federal government. Upon the close of the acquisition, Octo's approximately 1,500 employees will join IBM Consulting's U.S. public and federal market organization.

Company Information

Company

International Business Machines

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed