IBM (NYSE: IBM) is to acquire TruQua Enterprises, LLC, a Chicago, IL-based IT services and consulting SAP development partner that specializes in delivering finance and analytics solutions to Fortune 500 companies.
The financial terms of the deal, which is subject to customary closing conditions and expected to close in Q4 2020, were not disclosed.
This acquisition enhances IBM’s expertise in migrating financial platforms to SAP to help businesses modernize their financial processes to shift from legacy enterprise systems and siloed processes to cloud-based integrated and streamlined finance functions such as cash flow, budgeting, and consolidations.
TruQua will enable IBM to broaden its consulting expertise and capabilities to help clients implement SAP solutions that will improve and automate financial management workflows, enhance operational efficiency, and drive an enterprise-wide transformation through the adoption of SAP S/4HANA, the latest generation of SAP’s ERP business suite.
Through its partnership with SAP, IBM has completed more than 5,500 successful SAP projects and helped more than 400 businesses transform their enterprise systems with SAP S/4HANA integrating ERP. In June, the company announced the latest partnership with SAP, launching new industry offerings designed to help businesses accelerate the modernization of workflows and systems.
Led by Scott Cairncross and David Dixon, TruQua specializes in roadmap strategies, projects implementations, post-go-live support and software solutions in the areas of SAP Central Finance (CFIN), S/4HANA Finance for Group Reporting, SAP Analytics Cloud, SAP Cloud Platform, machine learning and other SAP intelligent technologies.