The Defense Microelectronics Activity looks to award a potential $576 million contract to IBM (NYSE: IBM) to secure the production of semiconductor products for military applications. A notice posted Thursday on SAM.gov states that the sole-source contract covers the microelectronics manufacturing security component of the Trusted Foundry Access III...
IBM (NYSE: IBM) has launched a $500 million venture fund intended for artificial intelligence-focused early-stage and hyper-growth startups. The company said Tuesday IBM Enterprise AI Venture Fund will support the advancement of generative AI technology and research while expanding the company’s AI partnership ecosystem. The investment is...
IBM (NYSE: IBM) has landed a potential eight-year, $1 billion contract to manage, integrate and maintain IBM Z systems mainframe and related hardware and software for the Internal Revenue Service. The IRS Enterprise Systems – IBM Support indefinite-delivery/indefinite-quantity award has a one-year base period and seven option years, according ...
The Department of the Treasury has awarded IBM (NYSE: IBM) an $84 million contract to migrate the Bureau of the Fiscal Service’s workload and data to a cloud environment. An award notice posted Monday on SAM.gov indicates that the indefinite-delivery/indefinite-quantity contract for cloud transition services and support has a five-year perform...
IBM (NYSE: IBM) has secured a $488.66 million contract to continue helping the Department of Veterans Affairs sustain and enhance its personnel data management and processing platform. The company will provide renewal subscription services to its shared service software as a service offering to support the sustainment and enhancement of VA’s H...
IBM (NYSE: IBM) has agreed to buy government technology services provider Octo from Arlington Capital Partners in a move to complement Big Blue’s IT and digital transformation offerings for the federal sector. Baird served as financial adviser to Arlington and Octo on the transaction. Financial terms of the deal were not disclosed and all the...
IBM has agreed to acquire information technology modernization and digital transformation services provider, Octo, from Arlington Capital Partners in a deal advised by Baird. The acquisition, which marks IBM’s eighth this year, is anticipated to augment the organization’s digital transformation capabilities in defense, health and civil...
IBM (NYSE: IBM) has expanded its federal market organization with the appointment of Terry Halvorsen and Mark Johnson as vice president of federal client development and VP of federal technology sales, respectively. Both executives will work to support IBM’s vision to facilitate the adoption of artificial intelligence and hybrid cloud across the f...
Arvind Krishna, chairman and CEO of IBM (NYSE: IBM), has joined the board of directors of Northrop Grumman (NYSE: NOC). The 32-year Big Blue veteran has steered the technology company through market expansion initiatives across the areas of cloud and quantum computing, artificial intelligence and blockchain, Northrop said Wednesday. Krishna has serv...
Amanda “Mandy” Long, most recently vice president of information technology automation at IBM (NYSE: IBM), has joined BigBear.ai (NYSE: BBAI) as CEO and a board member. Long succeeds Reggie Brothers, who will stay as a company adviser and transition to the role of operating partner at BigBear’s private equity owner AE Industrial Partners, the ...
