IBM has acquired Hakkoda, a consultancy specializing in data and AI services, aiming to bolster its consulting division's capabilities. This acquisition positions IBM to better serve clients in crucial sectors such as financial services, public sector, and healthcare. Hakkoda, co-founded by former Deloitte GM Erik Duffield, brings expertise in cloud data migration and AI-driven transformation. This move aligns with IBM's ongoing investment strategy in AI, following significant increases in revenue linked to AI consulting, which reported over $5 billion in bookings to date.
"With Hakkoda's data expertise, deep technology partnerships, and asset-centric delivery model, IBM will be even better-positioned to deliver value faster to clients as they transform with AI."
"In Q4 2024, IBM recorded its biggest revenue jump in five years - sending its stock soaring 10%. AI bookings and sales stood at over $5 billion inception-to-date."
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