5/13/2023 0 Comments Adobe buys workfrontFoster called acquisitions “a durable part of our business strategy.” He said his focus is on Gold and Platinum partners of organizations IBM wants to further partner with in key regions worldwide where IBM also sees growth potential.įoster identified Adobe, Salesforce, SAP, Workday and ServiceNow as examples of independent software vendors that IBM Consulting wants to grow its relationships with. IBM Consulting Senior Vice President Mark Foster told CRN in a recent interview that his segment of the Armonk, N.Y.-based tech giant has its eye on organic growth and growth through acquisition. “This acquisition will deepen IBM iX’s ability to not only help clients design and deliver personalized customer experiences powered by Adobe Experience Cloud, Creative Cloud and Document Cloud,” according to the statement, “but also transform their marketing operations to support these experiences, connecting strategy to delivery, integrating people and data across the enterprise on one collaborative platform.” The managed infrastructure services business will be an independent publicly traded company called Kyndryl. The deal also shows continued investment from IBM in its internal services business leading up to the spin-off of IBM’s managed infrastructure service business next month. Financial terms for the deal were not disclosed. This is IBM’s 17th acquisition since Arvind Krishna became CEO in April 2020. The business will join IBM iX, which is part of IBM Consulting, the renamed IBM Global Business Services, according to an IBM statement Tuesday. The acquisition is expected to bring new capabilities to IBM around Adobe Experience Cloud, Creative Cloud and Document Cloud. IBM plans to buy the Adobe Workfront consulting unit and assets of Rego Consulting to boost the customer and experience transformation group within IBM’s consulting business.
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