SXiQ

SXiQ is an Australian company that provides digital transformation services and specializes in the use of cloud applications, platforms, and cybersecurity. SXiQ is also optimizing companies' spending on cloud resources to achieve savings of 20% or more. SXiQ works with leading Australian businesses, as well as with Australian divisions of global Fortune 2000 companies. The company provides services in such areas as financial services, consumer goods, energy, health care and the public sector.

History

2021: IBM bought SXiQ

At the end of November 2021, IBM acquired SXiQ. The financial terms of the transaction are not disclosed.

The deal contributes to the further development of IBM's hybrid cloud and artificial intelligence strategy, which will further allow customer enterprises to modernize and transform complex, critical applications across multiple clouds and platforms.

Companies are very clear about deploying hybrid cloud strategies, as interoperability, security, compliance and prevention of supplier connectivity are top priorities, "said John Granger, senior vice president of hybrid cloud services at IBM Consulting. - The acquisition of IBM SXiQ will provide customers with additional expertise in hybrid and multi-cloud technologies that underpins open innovation.

IBM acquired SXiQ

SXiQ will enhance the capabilities of IBM Consulting in Australia and New Zealand to upgrade applications and technology infrastructure in the cloud. SXiQ will join IBM Consulting's fast-growing hybrid cloud services business, helping IBM benefit from a growing professional cloud services market that will exceed $200 billion globally by 2024. The team of technology consultants SXiQ has experience in transforming and migrating enterprise workloads to cloud platforms, including Amazon Web Services and Microsoft Azure.^[1]

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