In its latest financial disclosure, IBM (NYSE: IBM) unveiled its third-quarter earnings for 2023 with the technology giant reporting a revenue of $14.8 billion, marking a 4.6% increase, with a 3.5% increment at constant currency. The software sector experienced an 8% rise in revenue, while consulting revenue shot up by 6%. Notably, infrastructure revenue declined […]
IBM has announced a key collaboration with Indian Bank, one of India’s premier public sector banks, to accelerate the bank’s digital modernization. With a focus on flexible and secure computing infrastructure, IBM will help Indian Bank deploy cutting-edge front-end banking applications and enhance its Core Banking Solution (CBS) workloads. Streamlining Banking Operations with Project PARADISE […]
IBM has agreed to divest The Weather Company’s key assets to global tech investment firm Francisco Partners. Though the exact financial details remain undisclosed, this transaction encompasses The Weather Company’s prominent consumer-focused digital platforms, including Weather.com, Weather Underground, Storm Radar, and other pivotal enterprise solutions. The Weather Company, recognized as one of the top 10 […]
IBM and Microsoft are joining forces to propel businesses into the next era of generative AI, aiming to help clients swiftly adopt and scale these innovative technologies. Central to this partnership is the newly introduced Azure OpenAI Service by IBM Consulting, available on Azure Marketplace. This fully managed AI service offers developers and data scientists […]
IBM has successfully finalized its $4.6 billion acquisition of Apptio Inc., a foremost figure in technology business management, after procuring all necessary regulatory approvals. This strategic union will empower enterprises with an unmatched capability to optimize their IT expenditures and yield substantial financial returns. By marrying Apptio’s premier offerings like ApptioOne, Cloudability, and Targetprocess with […]
IBM today announced a definitive agreement to purchase Apptio Inc., a leading company in IT financial and operational management and optimization (FinOps) software, from Vista Equity Partners for $4.6 billion. This move is set to fast-track IBM’s IT automation capabilities and provide enterprise leaders with increased value from their technology investments. The acquisition comes at […]
In a bid to enrich the fan experience, IBM and The All England Lawn Tennis Club have unveiled new features set to launch at this year’s Wimbledon Championships. Key among these is a novel artificial intelligence (AI) feature from IBM watsonx, set to provide AI-generated tennis commentary for all video highlights packages during the tournament. […]
IBM will acquire Octo, an IT modernization and digital transformation services provider, from Arlington Capital Partners to accelerate the US federal government digital transformation. The proposed acquisition marks IBM’s eighth acquisition of 2022 and comes on the heels of IBM Consulting’s acquisition of Dialexa, Neudesic, and Taos. Octo serves the US federal government and its […]
Infosys said that its business process management arm — Infosys BPM has opened an artificial intelligence (AI) and automation hub in Poland in partnership with IBM. Located at the Infosys Business Experience Lounge, the Center of AI and Automation is aimed to help enterprises around the world achieve digital excellence. Infosys BPM has been collaborating […]
Infosys said that its digital banking solutions were deployed by Suryoday Small Finance Bank (SSFB), an Indian small finance bank, for its digital transformation. As part of this, Infosys Finacle, part of EdgeVerve Systems, a fully-owned subsidiary of Infosys, helped Suryoday Small Finance Bank in implementing the Finacle Core Banking Platform and Finacle Treasury Platform. […]