IBM acquires Hakkoda to continue its AI consultancy investment push

IBM on Monday said it has acquired Hakkoda, a data and AI consultancy based in New York. The acquisition would “further expand” IBM’s ability to bring consultants and AI to clients, particularly customers in industries like financial services, public sector, and healthcare and life sciences, said Mohamad Ali, SVP and head of IBM’s consulting business, in a statement. “With Hakkoda’s data expertise, deep technology partnerships, and asset-centric delivery model, IBM will be even better-positioned to deliver value faster to clients as they transform with AI,” Ali said. Financial terms of the deal were not disclosed. The deal comes as IBM continues to ramp up its investments in AI and automation technologies. In February, the company acquired DataStax, a platform for building AI apps, and it recently finalized its purchase of infrastructure and security automation firm HashiCorp. The strategy has borne fruit for IBM. In Q4 2024, the company, which makes the bulk of its AI income from ... Read full article.