International Business Machines Corp. (IBM), Thursday announced its decision to acquire Illinois-headquartered Applications Software Technology LLC1, a global Oracle (ORCL) consultancy providing digital transformation solutions.
The financial terms of the deal have not been disclosed.
The acquisition is expected to boost IBM's Oracle solutions to address complexities and deliver long-lasting results to customers across North America, the UK and Ireland.
The transaction is set to close in the first quarter of 2025.
Currently, IBM's stock is trading at $218.46, down 0.76 percent on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.