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IBM Plans BoxBoat Acquisition to Continue Hybrid Cloud Business Expansion Strategy

IBM (NYSE: IBM) has unveiled its plan to acquire Bethesda, Maryland-based BoxBoat Technologies, a consulting company that specializes in DevOps and Kubernetes container orchestration, in a push to further expand Big Blue’s hybrid cloud services business.

Financial terms of the deal were not disclosed and IBM said Thursday it expects to close the transaction within the quarter.

Founded in 2016, BoxBoat aims to help customers modernize software development processes and containerize workloads for their cloud-based information technology transformation projects. The boutique consultancy also works with cloud providers Amazon Web Services, Microsoft (Nasdaq: MSFT) and Google.

“Our clients require a cloud architecture that allows them to operate across a traditional IT environment, private cloud and public clouds,” said John Granger, senior vice president of hybrid cloud services at IBM.

Big Blue started its hybrid cloud service-focused acquisition strategy in July 2019 through the $34 billion purchase of Red Hat and over the past two years announced several other deals including for Nordcloud and Taos.

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