logo
  

IBM Plans To Acquire Dialexa; Terms Undisclosed

IBM (IBM) announced plans to acquire Dialexa, U.S. digital product engineering services firm. Financial details were not disclosed.

The acquisition of Dialexa will be IBM Consulting's first in digital product engineering services market, which is estimated to reach $700 billion by 2026.

Upon close, Dialexa will join IBM Consulting, spearheading IBM's digital product engineering services presence in the Americas.

The transaction is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google, owned by Alphabet Inc., plans to merge its teams working on Maps products and the mapping service Waze with effect from December 9, reports said. The decision to consolidate processes comes as the search giant is facing pressure to streamline operations and cut costs. The restructuring is expected to reduce overlapping work across the Waze and Maps products. The Pentagon announced that up to $9 billion worth of cloud-computing contracts were awarded to Google, Oracle, Amazon, and Microsoft. In a statement, the U.S. Department of Defense said, "The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels..." 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.
Follow RTT