IBM has revealed plans to acquire Dialexa to assist businesses in driving innovation and achieving their digital growth objectives.
In a statement, IBM said the acquisition is anticipated to broaden its product engineering knowledge and enable the company to provide clients with end-to-end digital transformation services.
IBM will add Dialexa as its sixth acquisition in 2022, further enhancing its hybrid cloud and artificial intelligence (AI) expertise and capabilities. IBM has acquired over 25 companies since April 2020, 13 of which have been in IBM Consulting.
Dialexa will be IBM Consulting’s first acquisition in the rapidly rising digital product engineering services sector, which is expected to reach $700 billion by 2026. Upon completion, Dialexa will join IBM Consulting, leading IBM’s position in the Americas for digital product engineering services.
“In this digital era, clients are looking for the right mix of high-quality products to build new revenue streams and improve topline growth. Dialexa’s product engineering expertise, combined with IBM’s hybrid cloud and business transformation offerings, will help our clients turn concepts into differentiated product portfolios that accelerate growth,” IBM Consulting Senior Vice President John Granger said.
Dialexa, founded in 2010, offers a range of digital product engineering services to assist businesses in developing game-changing solutions that produce profitable results. With offices in Dallas and Chicago, the company’s 300 product managers, designers, full-stack engineers, and data scientists provide advice and develop specialised, commercial-grade digital products for customers like Deere & Company, Pizza Hut US, and Toyota Motor North America. According to IBM, AWS and Microsoft Azure are only two cloud computing platforms on which Dialexa has extensive experience delivering end-to-end digital product engineering services that include strategy, design, build, launch, and optimisation services.
“Digital product engineering represents the tip of the spear for competitive advantage. IBM and Dialexa’s shared vision for delivering industry-defining digital products could be a game changer. We are thrilled to become part of the world’s most iconic companies to continue to scale and grow our global client relationships in this rapidly growing market,” Dialexa CEO and Co-Founder Scott Harper said.
The acquisition is anticipated to close in the fourth quarter of this year, subject to regulatory approvals and typical closing conditions.