Home Latest News IBM acquires government IT consultancy Octo

IBM acquires government IT consultancy Octo

IBM (NYSE:IBM) has announced its acquisition of Octo, a Reston, Virginia-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government, including defense, health, and civilian agencies.

Octo was a portfolio company of Arlington Capital Partners, a Washington, D.C.-based private equity firm. The financial terms of the acquisition were not disclosed, and the approximately 1,500 employees at Octo will join IBM Consulting’s U.S. public and federal market organization. This is the eighth acquisition of 2022 for the Armonk-based IBM, which has acquired more than 25 companies since Arvind Krishna became CEO in April 2020.

“Governments require agility and resiliency to meet the evolving needs of citizens directly and in real time,” said John Granger, senior vice president of IBM Consulting. “The combination of Octo’s highly qualified and respected team with IBM’s consulting expertise, technical capabilities and strategic partner ecosystem will enable federal clients to transform faster and better serve citizens.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 11 books (including the upcoming "100 Years of Wall Street Crooks," published by Bicep Books). He is also the host of the SoundCloud podcast "The Online Movie Show," host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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