IBM announced a definitive agreement to acquire application modernization capabilities from Advanced, positioned by IBM as a strategic move to bolster its position in hybrid cloud and AI. The terms of the deal were not disclosed but is expected to close in the second quarter of 2024.
This acquisition will enhance IBM Consulting’s services in mainframe application and data modernization, marking a significant step in IBM’s ongoing commitment to supporting clients through their digital transformation journeys.
This Research Note looks at the deal, along with the potential benefits to IBM and its customers.
