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IBM agrees to acquire Cognitus to further boost SAP capabilities
Yahoo Finance· 2025-10-17 09:44
Core Insights - IBM has agreed to acquire Cognitus, a Texas-based provider of SAP S/4HANA services, to enhance its SAP capabilities [1] - The acquisition is subject to customary closing conditions and regulatory approvals, with financial details undisclosed [1] - Cognitus has over 20 years of experience in SAP systems integration, focusing on RISE and GROW with SAP initiatives, and offers AI-enabled software solutions [1][2] Company Offerings - Cognitus provides various software assets, including CIS-GovCon for government contracting, CLM for AI-supported contract lifecycle management, a low-code Data Migration solution for SAP S/4HANA transition, and Real-Time Billing software for high-volume transactions [1] - The tools are designed to streamline processes and enhance efficiency across business operations [2] Strategic Importance - Cognitus is recognized as an SAP Gold & Co-innovation partner, with its products being SAP-endorsed [2] - The acquisition is part of IBM's strategy to invest in capabilities aligned with strategic partners like AWS, Microsoft, Oracle, and Palo Alto Networks [4] Client Benefits - Cognitus CEO stated that joining IBM will enhance their ability to accelerate SAP transformation through innovation, benefiting clients with proven SAP-endorsed solutions [2][3] - Cognitus' offerings support SAP transformation projects throughout their lifecycle, particularly in regulated and complex industry environments [3] Additional Developments - IBM has announced a partnership with Bharti Airtel to support Airtel Cloud, providing access to IBM Power systems portfolio as-a-Service [5] - These services will cater to regulated industries and support IBM Power AIX, IBM i, Linux, and SAP Cloud ERP [6]