IBM to acquire Accelalpha from Century Park.

IBM, an American multinational technology company, agreed to acquire Accelalpha, a global Oracle services provider, from Century Park, a private equity group. Financial terms were not disclosed. "IBM's client and employee-centric culture and long-established scale and reach in more than 175 countries is a great fit for the next stage of our growth. We're thrilled to bring our expertise in Oracle Cloud solutions and targeted domain and industry knowledge to bear together with IBM's strength in generative AI and hybrid cloud. With Accelalpha's history of being a pioneer in Oracle Cloud and IBM's deep-rooted dedication to innovation that matters, we can further accelerate value creation for our clients," Nat Ganesh, Accelalpha CEO.