IBM To Acquire Oracle Services Provider Accelalpha, Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
IBM is set to acquire Oracle services provider Accelalpha, although the terms of the deal have not been disclosed. This acquisition is part of IBM's strategy to enhance its cloud services and consulting capabilities.
September 09, 2024 | 8:31 pm
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IBM is acquiring Accelalpha, an Oracle services provider, to strengthen its cloud services and consulting capabilities. The terms of the acquisition have not been disclosed.
The acquisition of Accelalpha is likely to enhance IBM's cloud services and consulting capabilities, which could positively impact its stock price in the short term. The lack of disclosed terms adds some uncertainty, but the strategic fit suggests a positive outlook.
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