IBM has agreed to acquire TruQua Enterprises, an IT services and consulting SAP development partner that specialises in delivering finance and analytics solutions to Fortune 500 companies.
Expected to close in Q4 2020, the deal will enhance IBM’s expertise in migrating financial platforms to SAP to help businesses in shifting from legacy enterprise systems and siloed processes to cloud-based integrated and streamlined finance functions such as cash flow, budgeting, and consolidations.
TruQua will broaden IBM’s consulting expertise and capabilities to help clients implement SAP solutions that will improve and automate financial management workflows, enhance operational efficiency, and drive an enterprise-wide transformation through the adoption of SAP S/4HANA.
“Our acquisition of TruQua further strengthens IBM’s deep global expertise in finance and demonstrates our continued commitment towards supporting Chief Financial Officers’ strategic initiatives,” said Rahul Kalia, Global Managing Partner of Enterprise Cloud Applications at IBM Services.
“We see an amazing opportunity to amplify our differentiated knowledge assets via IBM’s solution portfolio, global reach and scale,” said David Dixon, Co-founder of TruQua.