IBM Has Entered Into A Definitive Agreement To Acquire Its Portfolio Company, Accelalpha, Inc.; Expected To Close In Q4 2024; Financial Details Of The Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
IBM has announced a definitive agreement to acquire Accelalpha, a global provider of Oracle Fusion Cloud Applications services. The acquisition is expected to close in Q4 2024, pending regulatory approvals. Financial terms were not disclosed.
September 10, 2024 | 4:32 pm
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IBM has entered into an agreement to acquire Accelalpha, enhancing its capabilities in Oracle Fusion Cloud Applications services. The deal is expected to close in Q4 2024, subject to approvals.
The acquisition of Accelalpha will likely enhance IBM's service offerings in Oracle Fusion Cloud Applications, potentially increasing its market share and revenue in this sector. The announcement of the deal could positively impact IBM's stock price in the short term as investors anticipate future growth.
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