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IBM To Acquire Federal IT Services Provider Octo

Cal Biesecker By
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IBM To Acquire Federal IT Services Provider Octo

IBM [IBM] on Wednesday said it has agreed to acquire Octo, a provider of information technology (IT) modernization services to the intelligence and national security communities, and various other federal agencies, a deal that complements IBM’s existing IT capabilities and further scales its consulting organization’s federal business. Terms of the deal were not disclosed. Octo, which has 1,500 employees, is a portfolio company of Arlington Capital Partners. The acquisition is expected to close in December and will grow IBM Consulting’s…

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