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New Deal


Announced

IBM to acquire Bluetab.

Financials

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

Tags

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hybrid cloud consulting services

Private

Majority

Spain

Software

Cross Border

data consulting

Acquisition

Single Bidder

Pending

Friendly

Synopsis

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IBM agreed to acquire Bluetab Solutions Group, a Madrid-based data services consulting firm. The transaction is subject to customary closing conditions including regulatory clearance and is expected to close in the third quarter of 2021. Financial terms were not disclosed. "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," Mark Foster, IBM Services and Global Business Services SVP.

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