IBM acquires SAP Finance and Analytics Consulting firm TruQua

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IBM

IBM has now acquired TruQua Enterprises, a Chicago based IT services and consulting SAP Company. The financial terms of the deal were not disclosed.

The acquisition will enhance IBM Services' expertise with SAP powered financial workflows. Additionally, TruQua will solidify IBM Services' hybrid cloud growth agenda, notes the announcement.

TruQua is founded by David Dixon and Scott Cairncross in the year 1979. It has its specialization in roadmap strategies, post-go-live support, project implementation, and software solutions in the verticals of SAP Central Finance, SAP Cloud Platform, SAP Analytics Cloud, Group Reporting, and SAP Intelligence technologies.

Executive Opinion

Global Managing Partner, Enterprise Cloud Applications, IBM Services, Rahul Kalia, said, "Our clients are reimagining their core finance processes with cloud, AI and other exponential technologies to drive increased value for their organizations. Our acquisition of TruQua further strengthens IBM's deep global expertise in finance and demonstrates our continued commitment towards supporting Chief Financial Officers' strategic initiatives. IBM will leverage TruQua's extensive experience in SAP S/4HANA Finance & Group Reporting solutions to deliver better business outcomes, enabled by intelligent workflows and hybrid cloud."

Scott Cairncross, TruQua co-founder, said, "We are incredibly excited to join the IBM family. TruQua's 'Smart, Driven and Nice' consultants will be able to quickly add to IBM's already strong capabilities in the finance and analytics space".

IBM's TruQua Acquisition

The acquisition complements IBM's expertise in migrating financial platforms to SAP to help organizations modernize their financial and analytics processes.  In today's time, shifting from legacy applications to cloud for budgeting, cash flow, and consolidations is a must-have requirement, notes the announcement. 

TruQua will enable IBM to increase its consulting expertise and capabilities to help customers implement SAP solutions. It will help automate and improve the financial management workflows, drive an enterprise-wide transformation and enhance operational efficiency via the adoption of SAP S/4 HANA.

SAP and IBM together have completed more than 5000 successful SAP projects. They helped more than 400 organizations to transform their enterprise systems with the SAP S/4 HANA, notes the announcement.

The acquisition is expected to close by the fourth quarter of 2020.
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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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