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M&A Deal Summary

IBM Acquires BoxBoat

On July 8, 2021, IBM acquired software company BoxBoat

Acquisition Highlights
  • This is IBM’s 103rd transaction in the Software sector.
  • This is IBM’s 128th transaction in the United States.
  • This is IBM’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-07-08
Target BoxBoat
Sector Software
Buyer(s) IBM
Deal Type Add-on Acquisition

Target

BoxBoat

Bethesda, Maryland, United States
BoxBoat is a DevSecOps and digital transformation consultancy, helping commercial and public sector enterprises achieve digital transformation by delivering software faster. BoxBoat's core competencies include aiding customers with a customized strategy for the adoption of Kubernetes, cloud native technologies, and automation. BoxBoat was founded in 2016 and is based in Bethesda, Maryland.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

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.

DEAL STATS #
Overall 179 of 204
Sector: Software M&A 103 of 111
Type: Add-on Acquisition M&A Deals 159 of 181
State: Maryland M&A 1 of 1
Country: United States M&A 128 of 147
Year: 2021 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Waeg

Brussel, Belgium

Waeg is a Salesforce Consulting Partner with several offices across Europe: Belgium, Denmark, France, Ireland, Netherlands, Poland, and Portugal. Waeg refers to its global network of member firms and their related entities. Waeg was founded in 2012 and is based in Brussel, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Bluetab Solutions

Madrid, Spain

Bluetab Solutions is an IT Services boutique serving large corporations in the highly specialized data solutions space: data strategy, data management, dataanalytics and data cloud services. Bluetab Solutions is based in Madrid, Spain.

Buy -
Mergr

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