Applications Software Technology's deep US and UK
public sector skills support clients' Oracle Cloud Application
transformations
ARMONK,
N.Y., Jan. 16, 2025 /PRNewswire/ -- IBM (NYSE:
IBM) today announced its intent to acquire Applications Software
Technology LLC1, a global Oracle consultancy.
Applications Software Technology brings deep expertise driving
business transformations with Oracle Cloud Applications, including
for clients in the public sector such as local government and K-12
education.
Public sector cloud transformations frequently face issues that
include difficulty transitioning legacy systems, scarce skills or
high security and compliance requirements. This acquisition will
further enhance IBM's Oracle solutions to help clients across
North America, the UK and
Ireland address those complexities
and drive lasting results in their digital transformations with
Oracle Cloud Applications. It will build on IBM's 2024 acquisition
of Accelalpha, expanding IBM's ability to help clients deploy,
manage and drive value from their Oracle cloud solutions.
"Public sector clients' cloud transformations often require a
consulting partner with industry, domain and technology expertise,"
said Kelly Chambliss, Senior Vice
President, IBM Consulting, Americas. "The acquisition of
Applications Software Technology will boost IBM's public sector and
Oracle Cloud Application skills to help clients confidently
navigate their business transformations."
Applications Software Technology's large team of consultants
brings expertise across the Oracle Cloud Applications Suite,
particularly around Oracle Fusion Cloud Enterprise Resource
Management (ERP) including Enterprise Performance Management (EPM),
Oracle Cloud Human Capital Management (HCM), and Oracle Fusion
Configure, Price, Quote (CPQ), as well as Oracle Cloud
Infrastructure (OCI), JD Edwards, and NetSuite. Applications
Software Technology also brings expertise and partnerships with
Salesforce and MuleSoft, specializing in public sector solutions
and more.
This acquisition supports IBM's open ecosystem approach which
allows us to meet clients where they are, bringing together
whatever technology and expertise are needed across our expanding
partner ecosystem to solve the client challenge.
Applications Software Technology has been an Oracle partner
since 1996 and a leading provider of Oracle solutions covering
areas like business process redesign and Oracle Cloud deployment.
In addition to its strong public sector presence, Applications
Software Technology also serves commercial clients in the
manufacturing, energy and consumer packaged goods industries.
"We are excited to join IBM and open up new opportunities for
our people and expand transformative solutions to deliver business
outcomes for our customers," said Justin
Winter, CEO, Applications Software Technology. "Applications
Software Technology and IBM have complementary capabilities, client
relationships, service offerings and values around our people,
innovation and commitment to client success. Together, we will
continue to grow in the market for cloud transformation
solutions."
Headquartered in Lisle,
Illinois, Applications Software Technology has teams across
the US, UK, Canada and
India. Notable past acquisitions
contributing to its growth include Symatrix Limited, 9EDGE Inc. and
Computer Technology Resources Inc. Applications Software Technology
is currently a portfolio company of funds managed by Recognize
Partners LP. Upon close, Applications Software Technology will join
IBM Consulting.
IBM and Oracle's partnership spans almost 40 years. IBM was
named a Leader in the 2023 IDC MarketScape for Oracle
Implementation Services Ecosystem Worldwide2.
The acquisition is expected to close in the first quarter of
2025, subject to customary closing conditions and regulatory
approvals. Financial details of the transaction were not
disclosed.
For more information on Applications Software Technology, visit
https://astcorporation.com/
About IBM
IBM is a leading provider of global hybrid cloud and AI, and
consulting expertise. We help clients in more than 175 countries
capitalize on insights from their data, streamline business
processes, reduce costs and gain the competitive edge in their
industries. Thousands of governments and corporate entities in
critical infrastructure areas such as financial services,
telecommunications and healthcare rely on IBM's hybrid cloud
platform and Red Hat OpenShift to affect their digital
transformations quickly, efficiently and securely. IBM's
breakthrough innovations in AI, quantum computing,
industry-specific cloud solutions and consulting deliver open and
flexible options to our clients. All of this is backed by IBM's
long-standing commitment to trust, transparency, responsibility,
inclusivity and service. Visit www.ibm.com for more
information.
Media Contact
Michelle Mattelson
IBM External Relations
morrison@us.ibm.com
1 Applications Software Technology LLC refers to
the four companies included in this acquisition: Applications
Software Technology LLC, its subsidiaries 9Edge and Computer
Technology Resources, and Symatrix Limited
2 IDC MarketScape: Worldwide Oracle Implementation
Services 2023 Vendor Assessment (doc# US49837623, August
2023)
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