IBM Monday Announced to have been obtained Hakodathe number of data and AI consulting firms based in New York is not disclosed.
Mohamad Ali, senior vice president and head of consulting business at IBM, said the acquisition will “further expand” IBM’s ability to bring consultants and AI to customers, especially in industries such as financial services, the public sector, and healthcare and life sciences.
“With Hakkoda’s data expertise, deep technology partnerships and an asset-centric delivery model, IBM will become better positioned to provide customers with faster value as they convert AI,” Alibaba said in a statement.
IBM’s Hakkoda Buy is making progress as the former company continues to increase its investment in AI and automation technologies. In February, IBM obtained DataStaxa platform for building AI applications, recent clothing Final purchase Hashicorp, infrastructure and security automation company.
This is a strategy that does a good job with IBM. In the fourth quarter, the company earned most of its AI revenue from consulting, Records its biggest revenue jump In five years, its stock has soared 10%. IBM said in the fourth quarter that AI booking and sales exceeded $5 billion.
Hakkoda was co-founded in 2021 by former Deloitte GM Erik Duffield, which helps customers move data to the cloud, especially the Snowflake Data Cloud. The startup offers a range of tools to help companies migrate and convert data, as well as products that “modern” data from legacy systems.
Before exiting, Hakkoda managed to raise $5.6 million in Venture Capital, According to Crunchbase. Supporters include Tercera, Lead Edge Capital and Casimir Holdings.
Dufield said Hakkoda’s hundreds of consultants in the United States, Latin America, India, Europe and the United Kingdom will join IBM Consulting as part of the acquisition agreement.
“From the beginning, Harcoda has promised to be ‘on the stage’ rather than observing the biggest shift in history, but to shape it,” Duffield said in a press release. “IBM’s legacy of innovation, their commitment to discovery and in-depth collaboration with customers’ deepest technical challenges [are] The perfect match for Hakkoda’s industry-focused modern data consulting to the global market. ”
