IBM to Acquire Applications Software Technology LLC, Bolstering Oracle Expertise to Help Clients Transform Their Operations
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IBM announced its intent to acquire Applications Software Technology LLC, a global Oracle consultancy, to enhance its Oracle expertise and support clients' Oracle Cloud Application transformations, particularly in the US and UK public sectors.
January 16, 2025 | 2:30 pm
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IBM plans to acquire Applications Software Technology LLC to strengthen its Oracle Cloud Application transformation capabilities, especially in the US and UK public sectors.
The acquisition is likely to enhance IBM's service offerings in Oracle Cloud transformations, potentially increasing its market share and revenue in the public sector. This strategic move is expected to positively impact IBM's stock price in the short term.
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