logo
  

IBM To Buy Madrid -based IT Services Boutique Bluetab Solutions; Financial Terms Not Disclosed

IBM (IBM) announced Thursday its agreement to acquire Bluetab Solutions Group, S.L. to extend its portfolio of data and hybrid cloud consulting services. Financial details were not disclosed.

The acquisition is subject to customary closing conditions including regulatory clearance and is expected to close in the third quarter of 2021.

Madrid -based Bluetab is an IT Services boutique serving large corporations in the highly specialized Data Solutions space. Following the deal closure, Bluetab will become a strategic part of IBM's data services consulting practice to further advance its hybrid cloud and AI strategy.

Mark Foster, Senior Vice President, IBM Services and Global Business Services, said, "The outside-in digital transformation of the past is giving way to the inside-out potential of using company-owned data with AI and automation to generate business value and create intelligent workflows. Our acquisition of Bluetab will fuel migration to the cloud and help our clients to realize even more value from their mission-critical data."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes. In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process. Apple Inc. plans to start using American-made processors from the new advanced chip factory in Phoenix, Arizona operated by chip giant Taiwan Semiconductor Manufacturing Co., according to its Chief Executive Officer Tim Cook. At an event in the factory in Arizona, which was attended by U.S. President Joe Biden, it was also announced that TSMC will invest $40 billion in the new factory. Lidl US has recalled its 8.4 oz Favorina branded Advent Calendar, i.e., Premium Chocolate with a Creamy Filling, citing potential Salmonella contamination, the U.S. Food and Drug Administration said. The products were available for sale at Lidl stores between October 12, 2022 and December 5, 2022. They will have a BEST IF USED BY year of 2023, and barcode number of 4056489516965.
Follow RTT