April 7, 2025:
IBM Acquires Hakkoda to Boost AI Consultancy - IBM has acquired Hakkoda, a New York-based data and AI consultancy, to boost its consulting capabilities in sectors like financial services and healthcare. This acquisition aligns with IBM's strategy to expand its AI and automation technologies, following recent acquisitions of DataStax and HashiCorp. Co-founded by Erik Duffield, Hakkoda specializes in cloud data migration, particularly with Snowflake, and brings its global team to IBM.
The deal is part of IBM's broader push that helped the company achieve its largest revenue increase in five years, driven by strong AI bookings and sales.