The Australian firm will join the hybrid cloud services business of IBM Consulting


SXiQ managing director John Hanna (left) and IBM Australia and New Zealand general manager Katrina Troughton. (Credit: IBM)

IBM said that it has acquired Australian digital transformation services company SXiQ in a move to further advance its hybrid cloud and artificial intelligence (AI) strategy.

The financial terms of the deal were not disclosed.

SXiQ is said to specialise in cloud applications, cloud platforms, as well as cloud cybersecurity.

Through the acquisition, IBM expects to be in a better position to enable enterprises to modernise and transform complex mission-critical applications on multiple clouds and platforms.

SXiQ is claimed to work with major Australia-based enterprises as well as the Australian operations of multinational Fortune 2000 firms. The company helps them to migrate and modernise their cloud infrastructure and applications across various industries that include financial services, energy, consumer products, healthcare, and the public sector.

Besides, the Australian firm helps clients in tracking and streamlining the money they spend on cloud resources. This is said to enable enterprises to gain greater value from their cloud investment to achieve 20% or more in cost savings.

IBM said that SXiQ will boost the capabilities of its consulting business in Australia and New Zealand to modernise applications and technology infrastructure in the cloud. The latter will operate under IBM Consulting’s hybrid cloud services business.

SXiQ managing director John Hanna said: “Our digital transformation experience and track record of client delivery on leading cloud platforms will send a strong signal affirming our and IBM’s commitment to clients’ successful journey to cloud.

“Our clients can now take advantage of IBM’s broad capabilities around ERP systems, Data & Analytics, Machine Learning & AI, deep platform partnerships and global delivery capabilities, allowing us to broaden the transformational capabilities we can bring to our customers, ensuring they can take their own digital transformation further and deeper.”

Other than SXiQ, IBM’s acquisitions in the cloud consulting area include Finland-based Nordcloud and Taos and BoxBoat Technologies, which are both headquartered in the US.