IBM Acquires Hybrid Cloud Consulting Business in Australia

IBM has announced the acquisition of SXiQ, an Australian digital transformation services company specializing in cloud applications, cloud platforms and cloud cybersecurity.

Organizations are increasingly turning to multiple cloud service providers and platforms to better meet a wide range of business needs. A recent study by IBM Global found that hybrid cloud is the dominant IT architecture with only 3% of C-level executives using a single private or public cloud in 2021.

SXiQ works with leading Australian companies, as well as the Australian operations of global Fortune 2000 companies, to migrate and modernize cloud infrastructure and applications across multiple industries including financial services, consumer products, energy, healthcare and the public sector. The company also works with customers to monitor and optimize their spending on cloud resources, helping organizations unlock more value from their cloud investments for cost savings of 20% or more.

IBM says the addition of SXiQ will enhance IBM Consulting’s capabilities in Australia and New Zealand to modernize applications and technology infrastructure in the cloud. This is the 20y The acquisition — and its tenth advisory acquisition — since Arvind Krishna became IBM CEO, adding to the investments the company is making in its hybrid cloud and artificial intelligence strategy. The announcement of the acquisition of SXiQ follows IBM’s recent acquisitions of leading cloud consulting firms such as Nordcloud, Taos and BoxBoat — earlier this year, expanding the multi-cloud transformation and management expertise and capabilities of IBM in Europe and North America. .

SXiQ will join IBM Consulting’s Hybrid Cloud Services business, helping IBM capitalize on a rapidly growing professional cloud services market that is expected to exceed $200 billion globally by 2024. SXiQ’s team of technology consultants brings expertise in transforming and migrating Enterprise workloads on cloud platforms including Amazon Web Services and Microsoft Azure.

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