At the end of November 2021, IBM (NYSE: IBM) announced the acquisition of SXiQ, an Australian digital transformation services company specializing in cloud applications, cloud platforms and cloud cybersecurity.
The amount of the deal was not disclosed.
The acquisition will enhance IBM Consulting’s capabilities in Australia and New Zealand to modernize applications and technology infrastructure in the cloud. SXiQ will join IBM Consulting’s Hybrid Cloud Services business.
Led by John Hanna, Managing Director, SXiQ works with Australian enterprises, as well as the Australian operations of global Fortune 2000 companies, to migrate and modernize their cloud infrastructure and applications across multiple industries including financial services, consumer products, energy, healthcare, and the public sector. The company also works with clients to monitor and optimize their spend on cloud resources.
The acquisition follows recent acquisitions by IBM of cloud consulting firms such as Nordcloud, Taos, and BoxBoat – earlier this year, which expanded IBM’s multicloud transformation, management expertise and capabilities in Europe and North America.