As per reports, International Business Machines Corporation (IBM) will acquire IT services & consulting SAP development partner, TruQua Enterprises, LLC strengthening its hybrid cloud growth strategy to offer digital transformation for clients. The acquisition will assist IBM in moving financial platforms to SAP and assist businesses to modernize, improve, and automate their financial processes enhancing operational efficiency. The shift from orthodox legacy enterprise systems and processes to cloud-based integrated finance functions such as budgeting, cash flow, and consolidations are important in the rapidly evolving marketplace.
“Our clients are reimagining their core finance processes with cloud, AI, and other exponential technologies to drive increased value for their organizations. Our acquisition of TruQua further strengthens IBM’s deep global expertise in finance and demonstrates our continued commitment towards supporting Chief Financial Officers’ strategic initiatives. IBM will leverage TruQua’s extensive experience in SAP S/4HANA Finance & Group Reporting solutions to deliver better business outcomes, enabled by intelligent workflows and hybrid cloud.” stated Rahul Kalia, Global Managing Partner, Enterprise Cloud Applications, IBM Services.
The financial terms of the deal were not disclosed. The transaction is subject to customary closing conditions and is expected to close in Q4 2020.
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.
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