IBM intends to acquire Applications Software Technology, a global Oracle consultancy company. Applications Software Technology offers deep expertise in 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 often have issues, including difficulty transitioning legacy systems, scarce skills, or high security and compliance requirements. This deal 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. And this deal 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.
Applications Software Technology’s 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 deal supports IBM’s open ecosystem approach, which allows us to meet clients where they are, bringing together whatever technology and expertise are needed across its expanding partner ecosystem to solve the client challenge.
Applications Software Technology has been an Oracle partner since 1996, and it is 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,y and consumer packaged goods industries.
Based 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, 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.
The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals. The financial details of the transaction were not disclosed.
KEY QUOTES:
“Public sector clients’ cloud transformations often require a consulting partner with industry, domain and technology expertise. 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.”
- Kelly Chambliss, Senior Vice President, IBM Consulting, Americas
“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. 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.”
- Justin Winter, CEO, Applications Software Technology
