IBM has acquired SAP software developer and IT services partner TruQua Enterprises, which specializes in finance, analytics and SAP S/4 HANA ERP solutions for Fortune 500 customers. Financial terms were not disclosed.
This is M&A deal 470 that ChannelE2E has covered so far in 2020. See the complete M&A deal list here.
The acquisition surfaces even as IBM prepares to spin off many of its more mature IT consulting and services businesses -- particularly in the managed infrastructure services sector.
TruQua, based in Chicago, align's with IBM's established SAP consulting expertise. Indeed, IBM has completed more than 5,500 successful SAP projects -- including more SAP S/4HANA deployments for more than 400 businesses, IBM says.
IBM, meanwhile, maintains steady M&A activity. Recent purchases have involved robotic process automation (RPA) software specialist WDG and cloud security posture management specialist Spanugo. The biggest deal of note involves buying Red Hat in 2018 to drive hybrid cloud services opportunities.
IBM Acquires SAP Partner TruQua: Executive Perspectives
In a prepared statement, Rahul Kalia, global managing partner, enterprise cloud applications, IBM Services, said:
"Our clients are reimagining their core finance processes with cloud, AI and other exponential technologies to drive increased value for their organizations. Our acquisition of TruQua further strengthens IBM's deep global expertise in finance and demonstrates our continued commitment towards supporting Chief Financial Officers' strategic initiatives. IBM will leverage TruQua's extensive experience in SAP S/4HANA Finance & Group Reporting solutions to deliver better business outcomes, enabled by intelligent workflows and hybrid cloud."
Added Scott Cairncross, TruQua co-founder:
"We are incredibly excited to join the IBM family. TruQua's 'Smart, Driven and Nice' consultants will be able to quickly add to IBM's already strong capabilities in the finance and analytics space."
Concluded David Dixon, TruQua co-founder:
"We see an amazing opportunity to amplify our differentiated knowledge assets via IBM's solution portfolio, global reach and scale."