IBM intends to acquire Accelalpha, an Oracle services provider with deep expertise in helping clients digitize core business operations and accelerate the adoption of Oracle Cloud Applications. Financial details of the transaction were not disclosed.
Headquartered in Bellevue, Washington, Accelalpha is an Oracle Cloud Applications consulting provider across advisory, implementation, and managed services.
This acquisition expands IBM’s Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management (EPM), and customer transformation.
The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions and regulatory approvals.
As Oracle applications have matured, customers have prioritized working with strategic service partners for transformation. After closing this acquisition, Accelalpha will join IBM Consulting, bringing over a large global team of skilled consultants to help clients modernize with Oracle Cloud Applications.
“Many enterprises depend on Oracle to run the workflows that are at the heart of their enterprise,” said Kelly Chambliss, Senior Vice President, IBM Consulting, Americas. “With our acquisition of Accelalpha, IBM will be even better positioned to help our clients deploy and manage Oracle solutions, including generative AI and cloud technology, for competitive advantage.”
Accelalpha’s consultants bring expertise across the Oracle Cloud Applications Suite, including Oracle Supply Chain Management (SCM) and Logistics, Oracle Cloud Enterprise Resource Planning (ERP), Oracle Cloud Enterprise Performance Management (EPM), Oracle Cloud Customer Transformation (CX), and Oracle Configure, Price, Quote (CPQ).
Accelalpha was the first Oracle partner to implement Oracle Fusion Financials.
“IBM’s client and employee-centric culture and long-established scale and reach in more than 175 countries is a great fit for the next stage of our growth,” said Nat Ganesh, CEO of Accelalpha. “We’re thrilled to bring our expertise in Oracle Cloud solutions and targeted domain and industry knowledge to bear together with IBM’s strength in generative AI and hybrid cloud. With Accelalpha’s history of being a pioneer in Oracle Cloud and IBM’s deep-rooted dedication to innovation that matters, we can further accelerate value creation for our clients.”
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