IBM recently announced a definitive agreement to acquire Salesforce software consulting firm, Professional Services. This acquisition will strengthen IBM`s presence in the cloud computing market and expand its Salesforce capabilities.
The deal is expected to close in the second quarter of 2021, subject to regulatory approvals and other customary closing conditions.
IBM`s acquisition of Professional Services is part of its strategy to expand its hybrid cloud capabilities and strengthen its position in the rapidly growing cloud computing market. Professional Services is a leading provider of Salesforce software consulting services, and the acquisition will enable IBM to offer a broader range of consulting services to its clients.
Salesforce is a cloud-based customer relationship management (CRM) platform that helps businesses manage and analyze customer interactions and data. The platform is used by companies of all sizes to manage sales, marketing, customer service, and more.
As part of the acquisition, IBM will also acquire Professional Services` Salesforce-focused assets, including its team of consultants, its software solutions, and its intellectual property.
IBM`s acquisition of Professional Services is expected to enhance its position in the cloud computing market and enable it to provide its clients with a broader range of consulting services. The deal also highlights the growing importance of cloud computing in the business world, as companies of all sizes look to leverage cloud services to streamline their operations and improve their bottom lines.
The IBM-Salesforce partnership is a strong indication of the growing importance of cloud computing in the business world. With the acquisition of Professional Services, IBM is well-positioned to capitalize on this trend and provide its clients with the best possible consulting services.
In conclusion, the IBM pa agreement with Professional Services is a significant move in the cloud computing market and highlights the growing importance of cloud services in the business world. With this acquisition, IBM is well-positioned to expand its Salesforce capabilities and provide its clients with a broader range of consulting services.