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
Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port. Affco USA is recalling around 24,461 pounds of frozen raw lamb shoulder products that were not presented for import re-inspection into the U.S., the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves the frozen raw lamb shoulder items that were imported on July 12, 2021. American Express Company (AXP) reported an increase in profit for the third quarter that also topped Wall Street estimates. Consolidated total revenues net of interest expense rose 25 percent year-on-year, primarily reflecting growth in Card Member spending, as well as a rise in the average discount...
Follow RTT