IBM Acquires Hakkoda to Strengthen AI & Data Consulting Capabilities
IBM has announced its acquisition of Hakkoda, a New York-based data and AI consultancy, as part of its ongoing push to expand its artificial intelligence and automation offerings. The deal, finalized on April 7, 2025, underscores IBM’s commitment to enhancing its consulting services for enterprise clients.
Key Details of the Acquisition
- Strategic Focus: The acquisition aims to bolster IBM’s ability to deliver AI-driven solutions to clients, particularly in high-growth sectors like financial services, healthcare, and the public sector.
- Leadership Statement: Mohamad Ali, SVP of IBM Consulting, emphasized that Hakkoda’s “data expertise, deep technology partnerships, and asset-centric delivery model” will accelerate value for clients undergoing AI transformations.
- Financials: Terms of the deal remain undisclosed.
IBM’s AI Expansion Strategy
This acquisition aligns with IBM’s aggressive investment in AI and automation technologies. Recent moves include:
- February 2025: Finalized the $6.4 billion acquisition of HashiCorp, an infrastructure automation firm.
- 2024: Acquired DataStax, a platform for building AI applications.
These investments have already paid off—IBM reported its largest revenue jump in five years in Q4 2024, with AI-related bookings surpassing $5 billion since inception.
About Hakkoda
Founded in 2021 by ex-Deloitte GM Erik Duffield, Hakkoda specializes in:
- Cloud Data Migration: Helping enterprises transition to platforms like Snowflake.
- Data Modernization: Tools to transform legacy system data for AI readiness.
- Global Reach: Hundreds of consultants across the U.S., Latin America, India, Europe, and the U.K., who will now join IBM Consulting.
Hakkoda had raised $5.6 million in venture funding from investors like Tercera and Lead Edge Capital.
Why This Matters
Duffield highlighted the synergy: “IBM’s heritage of innovation and deep client partnerships make this the perfect platform to scale Hakkoda’s data consulting globally.” The deal positions IBM to compete more aggressively in the $60B+ AI consulting market, where demand for enterprise-ready solutions is surging.
For more details, read IBM’s official announcement here.
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