As per reports, International Business Machines Corporation (IBM) is acquiring Adobe Workfront consulting unit and assets from Rego Consulting Corporation to expand its hybrid cloud and AI strategy. The company has been investing aggressively to strengthen its hybrid cloud and AI strategy and capabilities, with a heavy focus on acquiring high-value consultative services like the Adobe Workfront business of Rego.
The acquisition of Rego’s Adobe Workfront business represents the 17th overall acquisition for IBM – and the ninth acquisition in the cloud and AI services since Arvind Krishna took over as IBM CEO in April 2020.
Rego, a leading Adobe Workfront partner, has been recognized as the Adobe Workfront Partner of the year for the past two years and has achieved Adobe Workfront Specialization. Upon the close of the transaction, the Adobe Workfront business of Rego will join Adobe practice within IBM iX, the customer and experience transformation group of IBM Consulting. The transaction is subject to customary closing conditions, and the financial terms of the deal were not disclosed.
Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, and receive our FREE email updates throughout the week and view our exclusive content and research.