IBM - M&A Summary and Business Overview

Information TechnologyCompany

IBM M&A Summary

IBM has acquired 216 companies, including 37 in the last 5 years. A total of 49 acquisitions came from private equity firms. It has also divested 34 assets.

IBM’s largest acquisition to date was in 2018, when it acquired Red Hat for $34.0B. It’s largest disclosed sale occurred in 2014, when it sold IBM’s x86 Server Business to Lenovo Group for $2.1B. IBM has acquired in 26 different US states, and 20 countries. The Company’s most targeted sectors include software (55%) and information technology (23%).

IBM Business Overview

Where is IBM headquartered?

IBM is headquartered in Armonk, New York.

What is IBM’s revenue?

IBM disclosed revenue of 62,753M USD for 2024 and 61,860M USD for 2023.

How many employees does IBM have?

IBM has 270,300 employees.

What sector is IBM in?

IBM is an information technology company.

When was IBM founded?

IBM was founded in 1911.

M&A Summary

  • M&A Total Activity234
    • M&A Buy Activity201
    • M&A Sell Activity34
  • Total Sectors Invested 12
  • Total Countries Invested 20
  • M&A Buy/Sell Connections 103
  • M&A Advisors 3

IBM

International Business Machines Corp.

1 New Orchard Road,
Armonk, New York 10504
United States,
(914) 499-1900
www.ibm.com

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (5.6/yr) # 173 10 7 5 3 3 201
vol $67.7B $1.5B $4.7B $6.4B $80.2B
Sell (1.2/yr) # 28 2 2 1 - 1 34
vol $8.4B $8.4B
  235
+16702002052102152202252302351901952402450

Most Recent M&A

Company Date Value Type
Hakkoda, Inc. 2025-04-02 - Add-on Acquisition
New York, New York · www.hakkoda.io
DataStax, Inc. 2025-02-25 - Add-on Acquisition
Santa Clara, California · www.datastax.com
Applications Software Technology LLC 2025-01-16 - Add-on Acquisition
Lisle, Illinois · www.astcorporation.com
IBM Deutschland Kreditbank GmbH 2025-01-07 - Divestiture
Stuttgart, Germany
Stackwatch, Inc. 2024-09-17 - Add-on Acquisition
San Francisco, California · www.kubecost.com
Accelalpha, Inc. 2024-09-09 - Add-on Acquisition
Bellevue, Washington · www.accelalpha.com
HashiCorp, Inc. 2024-04-24 6.4B USD Add-on Acquisition
San Francisco, California · www.hashicorp.com
StreamSets, Inc. 2023-12-18 - Divestiture
San Francisco, California · www.streamsets.com
WebMethods, Inc. 2023-12-18 - Divestiture
Fairfax, Virginia
The Weather Company - Digital Assets 2023-08-22 - Divestiture
Atlanta, Georgia
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Merge Healthcare, Inc.    - Stryker Imaging Corporation 2010-07-02 9
Chicago, Illinois · www.merge.com Flower Mound, Texas
Merge Healthcare, Inc.    - Confirma, Inc. 2009-08-07 8
Chicago, Illinois · www.merge.com Milwaukee, Wisconsin

M&A by Sector

Sector Buy # Value Sell # Value
Software 110 (55%) 61.5B (77%) 10 (30%) 1.8B (21%)
Information Technology 46 (23%) 9.0B (11%) 8 (24%) 550M (7%)
Internet Software and Services 25 (12%) 1.6B (2%) 2 (6%) -
Technology Hardware 6 (3%) - 4 (12%) 5.5B (66%)
Business Services 5 (2%) 3.5B (4%) 1 (3%) 505M (6%)
Semiconductors 2 (1%) - 3 (9%) -
Information Services 2 (1%) 4.6B (6%) 1 (3%) -
Financial Services 1 (< 1%) - 1 (3%) -
Medical Products 1 (< 1%) - 1 (3%) -
Communications 1 (< 1%) - - -
Insurance 1 (< 1%) - - -
Marketing 1 (< 1%) - - -
Electronics - - 1 (3%) -
Gaming - - 1 (3%) -
Total 201 $80.2B 33 $8.4B

By Geo

State/Country Buy Value Sell Value
United States 145 73.4B 26 7.8B
  California 48 10.1B - -
  Massachusetts 25 9.2B 1 -
  New York 9 - 11 5.6B
  Texas 9 - - -
  Illinois 9 2.2B - -
  Georgia 5 3.3B 1 -
  Virginia 5 - - -
  Washington 4 4.6B - -
  Ohio 4 1.4B - -
  Pennsylvania 3 1.5B - -
  North Carolina 3 34.0B - -
  New Jersey 3 - - -
  Florida 2 - 1 -
  Oregon 2 - - -
  Nevada 2 - - -
  Michigan 1 2.6B 1 -
  Wisconsin 1 - - -
  Vermont 1 - - -
  Utah 1 - - -
  South Carolina 1 - - -
  Rhode Island 1 - - -
  Maryland 1 - - -
  Indiana 1 - - -
  District of Columbia 1 - - -
  Colorado 1 - - -
  Minnesota - - 1 -
  Kentucky - - 1 1.6B
  Arkansas - - 1 -
Canada 13 5.5B 2 550M
  Ontario 10 5.5B 2 550M
  Quebec 2 - - -
  British Columbia 1 - - -
Israel 6 130M - -
United Kingdom 5 - 1 -
Australia 5 - - -
France 4 340M 1 -
Germany 3 - 1 -
Ireland 4 - - -
Italy 2 - 1 -
Brazil 2 - - -
India 2 11M - -
Netherlands 2 - - -
- - 1 -
Belgium 1 - - -
Finland 1 - - -
Norway 1 - - -
Peru - - 1 -
Serbia 1 - - -
Singapore 1 - - -
Spain 1 - - -
Sweden 1 845M - -
Switzerland 1 - - -
Domestic 145 (72%) 73.4B (91%) 26 (76%) 7.8B (93%)
Cross-border 56 (28%) 6.8B (9%) 8 (24%) 550M (7%)
Total 201 $80.2B 34 $8.4B

Top M&A Advisors

Financial Deals
UBS Investment Bank
1
Navidar Holdco
1
Legal Deals
Cravath, Swaine & Moore
2

Deal Values

buy # Total
> $1B 19 $75.9B
$100M to $1B 11 $4.2B
< $100M 3 $141M
TOTAL $80.2B
Largest Red Hat, Inc.
$34.0B (2018-10-28)
sell # Total
> $1B 4 $7.2B
$100M to $1B 2 $1.1B
< $100M 1 $100M
TOTAL $8.4B
Largest IBM’s x86 Server Business
$2.1B (2014-09-29)

M&A Connections

Deals
Acquired from
Investor(s)
17%
34 (17%)
Strategic(s)
8%
17 (8%)
Divested to
Investor(s)
21%
7 (21%)
Strategic(s)
71%
24 (71%)

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