M&A Deal Summary

IBM Acquires Applications Software Technology

On January 16, 2025, IBM acquired information technology company Applications Software Technology

Acquisition Highlights
  • This is IBM’s 45th transaction in the Information Technology sector.
  • This is IBM’s 143rd transaction in the United States.
  • This is IBM’s 9th transaction in Illinois.

M&A Deal Summary

Date 2025-01-16
Target Applications Software Technology
Sector Information Technology
Buyer(s) IBM
Deal Type Add-on Acquisition

Target

Applications Software Technology

Lisle, Illinois, United States
Applications Software Technology is a full-service enterprise solution provider, guiding digital transformation for clients in the Government and Commercial Sectors. Applications Software Technology is based in Lisle, Illinois.

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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 199 of 203
Sector: Information Technology M&A 45 of 47
Type: Add-on Acquisition M&A Deals 176 of 180
State: Illinois M&A 9 of 9
Country: United States M&A 143 of 146
Year: 2025 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-07 IBM Deutschland Kreditbank

Stuttgart, Germany

IBM Deutschland Kreditbank offers a range of financial services aimed at optimizing working capital for businesses. IBM Deutschland Kreditbank is based in Stuttgart, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-25 DataStax

Santa Clara, California, United States

DataStax is a provider of database software for cloud operations. DataStax is an experienced partner in on-premises, hybrid, and multi-cloud deployments and offers a suite of distributed data management products and cloud services. DataStax was founded in 2010 and is based in Santa Clara, California.

Buy -