RESEARCH TRIANGLE PARK – IBM continues to step up its cloud acquisition efforts, announcing Thursday evening it is buying California-based Taos, which provides cloud-related professional and managed services.
It’s the third deal for Big Blue over the past monh as the tech giant prepares to split in two later this year – a smaller services group and the remainder focused on cloud, artificial intelligence and quantum computing.
IBM (NYSE: IBM) is focusing on hybrid cloud – a mixture of private and public cloud access – efforts after acquiring Raleigh-based Red Hat in 2019. The company sees the cloud as a trillion-dollar opportunity.
Research firms Gartner and IDC estimate tha by 2024 the market for cloud managed services and professional services will reach some $200 billion.
Financial terms of the Taos deal were not disclosed.
IBM also moved to acquire recently Nordcloud and 7Summits.
IBM, global tech firm to create ‘center of excellence’ in India for cloud services
Also Thursday IBM disclosed partnering with an India-based IT firm to develop a center for excellence focusing on cloud tech in India.
“Taos adds the deep expertise, public cloud partnerships and innovative solutions needed to drive growth and adoption of IBM’s hybrid cloud platform throughout the Americas,” said John Granger, Senior Vice President for Cloud Application Innovation and Chief Operating Officer at IBM Global Business Services. “The platform gives enterprises the freedom to choose from multiple providers to best meet their business and IT needs, and we are committed to helping our clients successfully navigate their open hybrid cloud journeys with those providers.”
IBM said Taos will continue to operate in San Jose as an IBM company. It is one of the largest firms focuing on multi-cloud services and consulting. The firm recently was recognized by research firm Gartner as an “industry leader.”
“This acquisition is the latest example of how IBM is expanding the breadth and depth of its hybrid cloud offerings to manage complex integrations – of technologies, people and processes,” IBM added.
2 IBM inventors in Triangle contribute 128 patents to Big Blue’s US-leading total
