IBM to buy Madrid based Bluetab to expand Hybrid Data Cloud Service Offerings

IBM is acquiring Madrid based Bluetab Solutions Group. The financial terms of the transaction were not disclosed.

Bluetab is founded by Tom Uhart in the year 2005. It helps the enterprises to drive more value from their data by transforming their on-premise data and analytics estates to hybrid multi-cloud data platforms with the help of public cloud providers and technologies, which includes the Red Hat OpenShift.

Mark Foster, Senior Vice President, IBM Services and Global Business Services, said, "The outside-in digital transformation of the past is giving way to the inside-out potential of using company-owned data with AI and automation to generate business value and create intelligent workflows. Our acquisition of Bluetab will fuel migration to the cloud and help our clients to realize even more value from their mission-critical data."

José Luis López, Bluetab co-founder, said, "The key to solving data challenges for our clients has been the exceptionally talented and experienced team we have been able to build as well as the value-added accelerators we have developed. We could not be more excited by the opportunity that IBM offers us to continue to grow our team, to build on our accelerators and to help more clients achieve leadership positions by leveraging their data."

According to the Quince market report, the global data analytics market will reach USD 24.63 billion in 2021. The size of the data analytics market will further grow at a CAGR of 25% till 2030.