IBM Acquires Advanced Getty ImagesIBM announced the pending acquisition of application modernization capabilities from Advanced, a strategic move by IBM to bolster its position in hybrid cloud and AI. Advanced provides application modernization services, notably excelling in the legacy modernization market. Benefits to IBMThe acquisition of Advanced’s application modernization capabilities by IBM is poised to bring a range of strategic benefits to the tech giant. By integrating Advanced's specialized expertise in mainframe modernization and migration services, IBM enriches its service offerings and taps into a pool of experienced professionals with over 30 years of experience in this field. IBM's strategic move to acquire application modernization capabilities from Advanced underlines its aggressive pursuit of leadership in the hybrid cloud and AI spaces.

Source: Forbes January 19, 2024 23:38 UTC