IBM To Acquire Irish Payment-Services Firm Equitant
IBM continues to build its IT-centric business-services offerings.
In the latest in a string of modest acquisitions aimed at bolstering its business-services capabilities, IBM on Wednesday said it will purchase a Dublin-based payments-outsourcing company.
Under the deal, terms of which were not disclosed, IBM will acquire order-to-cash service provider Equitant. The 200-employee company helps its clients more quickly convert customer orders to cash in the bank through a range of services, including invoicing, collections, and dispute resolution. Present or past customers include Cisco Systems, Hewlett-Packard, and Lucent Technologies. Equitant maintains North American offices in Stamford, Conn.
The acquisition is subject to regulatory approval in Europe. No date for completing the deal was given.
Over the past several months, IBM has acquired a number of business-services companies, including application service provider Corio, procurement specialist KeyMRO, and India-based customer-service firm Daksh eServices. In a December interview with InformationWeek, Ginni Rometty, managing director of IBM's business-consulting unit, said the company would look to acquire providers of businesses services that rely heavily on IT. Says Rometty, "Our strategy going forward would link acquisitions to our high-value spaces."
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
2018 State of the CloudCloud adoption is growing, but how are organizations taking advantage of it? Interop ITX and InformationWeek surveyed technology decision-makers to find out, read this report to discover what they had to say!
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.