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Announced

IBM to acquire TruQua.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Majority

Pending

IT Services: Other

Private

it services

Single Bidder

Acquisition

United States

Domestic

Synopsis

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IBM, an American multinational technology and consulting company to acquire TruQua, an IT services and consulting SAP development partner that specializes in delivering finance and analytics solutions. Financial terms were not disclosed. "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," Rahul Kalia, IBM Global Managing Partner.

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