The acquisition is part of IBM's broader initiative to enhance its hybrid cloud services and AI capabilities. SKYARCH NETWORKS, being an AWS Advanced Tier Partner, brings a wealth of expertise in infrastructure design, development, operation monitoring, and support across various industries. This aligns with IBM's commitment to an open ecosystem approach, collaborating across technology partners to deliver client-centric value.
The Japanese cloud market is expected to grow significantly, with a forecasted 17.9% CAGR from 2022 to 2027. IBM plans to train and skill 10,000 consultants globally on AWS generative AI services by the end of 2024, positioning itself to meet the increasing demand for cloud services expertise in the region.
The acquisition is expected to close in June 2024, subject to customary closing conditions and regulatory approvals¹. This marks IBM's fifth acquisition announced in 2024 and the 18th for IBM Consulting since Arvind Krishna became CEO in April 2020.
IDC expects the Japanese cloud market will grow by 17.9% CAGR between 2022 to 2027. IBM has committed to training and skilling 10,000 consultants globally on AWS generative AI services by the end of 2024. SKYARCH NETWORKS will position IBM Consulting to address the growing demand for end-to-end cloud services expertise in the region.
The acquisition follows IBM’s recent purchase of HashiCorp and the sale of its QRadar Saas suite to Palo Alto Networks, signaling its intention to enhance its cloud service offerings.
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