Accelalpha's supply chain, logistics, finance,
EPM and CX-CPQ skills to accelerate clients' Oracle Cloud
Application adoption
ARMONK,
N.Y., Sept. 9, 2024 /PRNewswire/ -- IBM (NYSE:
IBM) today announced its intent to acquire Accelalpha, a global
Oracle services provider with deep expertise helping clients
digitize core business operations and accelerate adoption of Oracle
Cloud Applications. This acquisition expands IBM's Oracle
consulting expertise in supply chain and logistics, finance,
enterprise performance management (EPM) and customer
transformation.
As Oracle applications have matured in depth of functionality,
customers have prioritized working with more strategic services
partners to enable transformation1. Upon close,
Accelalpha will join IBM Consulting, bringing over a large global
team of skilled consultants to help clients modernize with Oracle
Cloud Applications.
"Many enterprises depend on Oracle to run the workflows that are
at the heart of their enterprise," said Kelly Chambliss, Senior Vice President, IBM
Consulting, Americas. "With our acquisition of Accelalpha, IBM will
be even better positioned to help our clients deploy and manage
Oracle solutions, including generative AI and cloud technology, for
competitive advantage."
Headquartered in Bellevue,
Washington, Accelalpha is a leading global provider of
Oracle Cloud Applications consulting across advisory,
implementation and managed services. Its highly skilled team serves
clients across North America,
Europe, Asia, the Middle
East and South America,
with a focus on distribution, industrial and financial services
sectors.
Accelalpha's consultants bring expertise across the Oracle Cloud
Applications Suite including Oracle Supply Chain Management (SCM)
and Logistics, Oracle Cloud Enterprise Resource Planning (ERP),
Oracle Cloud Enterprise Performance Management (EPM), Oracle Cloud
Customer Transformation (CX), and Oracle Configure, Price, Quote
(CPQ). As an Oracle Cloud Excellence Certified Implementer,
Accelalpha boasts the largest Oracle logistics practice globally
and was the first Oracle partner to implement Oracle Fusion
Financials. Since its founding in 2009, Accelalpha has grown
organically and through acquisition. Notable past acquisitions
include Prolog Partners, Key Performance Ideas, LogistiChange and
Frontera Consulting.
"IBM's client and employee-centric culture and long-established
scale and reach in more than 175 countries is a great fit for the
next stage of our growth," said Nat
Ganesh, CEO, Accelalpha. "We're thrilled to bring our
expertise in Oracle Cloud solutions and targeted domain and
industry knowledge to bear together with IBM's strength in
generative AI and hybrid cloud. With Accelalpha's history of being
a pioneer in Oracle Cloud and IBM's deep-rooted dedication to
innovation that matters, we can further accelerate value creation
for our clients."
IBM and Oracle's partnership to serve clients spans almost 40
years. IBM was named a Leader in the 2023 IDC MarketScape for
Oracle Implementation Services Ecosystem Worldwide2.
Accelalpha is recognized by Fortune as a best medium workplace
and certified as a Great Place to Work. For more information on
Accelalpha, please visit www.accelalpha.com.
The acquisition is expected to close in the fourth quarter of
2024, subject to customary closing conditions and regulatory
approvals. Financial details of the transaction were not
disclosed.
About IBM
IBM is a leading provider of global hybrid
cloud and AI, and consulting expertise. We help clients in more
than 175 countries capitalize on insights from their data,
streamline business processes, reduce costs and gain the
competitive edge in their industries. Thousands of governments and
corporate entities in critical infrastructure areas such as
financial services, telecommunications and healthcare rely on IBM's
hybrid cloud platform and Red Hat OpenShift to affect their digital
transformations quickly, efficiently and securely. IBM's
breakthrough innovations in AI, quantum computing,
industry-specific cloud solutions and consulting deliver open and
flexible options to our clients. All of this is backed by IBM's
long-standing commitment to trust, transparency, responsibility,
inclusivity and service. Visit www.ibm.com for more
information.
Media Contact
Michelle
Mattelson
IBM External Relations
morrison@us.ibm.com
1 The Forrester Wave™: Oracle Cloud Apps
Implementation Services Partners, Q2 2022
2 IDC MarketScape: Worldwide Oracle Implementation
Services 2023 Vendor Assessment (doc# US49837623, August 2023)
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SOURCE IBM