Announced
Financials
Sources
Tags
Majority
Single Bidder
United Kingdom
computer software
Cross Border
Private
Friendly
software development
Acquisition
Software
Pending
Synopsis
IBM, an American multinational technology company, agreed to acquire the application modernization capabilities of Advanced Computer Software Group, one of the UK's largest providers of business software and services. Financial terms were not disclosed. The news marks IBM’s first acquisition announced in 2024. Since Arvind Krishna became CEO in April 2020, IBM has acquired more than 35 companies, bolstering its hybrid cloud and AI capabilities.
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