IBM and Japan’s SKYARCH NETWORKS, a professional services company with a focus on Amazon Web Services (AWS), have reached an acquisition agreement. This anticipated purchase will enhance IBM Consulting's ability to help customers through full cloud transformation journeys. Since its founding in 2001, SKYARCH NETWORKS has been a pioneer in managed Since Arvind Krishna took over as CEO in April 2020, IBM has made 18 acquisitions under IBM Consulting, this being the company's sixth announcement for 2024. IBM hopes to meet Japan's increasing need for end-to-end cloud services knowledge, as the country's cloud industry is predicted by IDC to expand at a 17.9% CAGR from 2022 to 2027. This action underscores IBM's strategic focus on hybrid cloud and AI capabilities and demonstrates the company's dedication to an open ecosystem strategy. The agreement highlights IBM's larger objective to promote open innovation, which the company finds is essential for increasing revenue and business success.
