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M&A Deal Summary

IBM Acquires Oniqua Pty

On June 15, 2018, IBM acquired software company Oniqua Pty from ASCO

Acquisition Highlights
  • This is IBM’s 97th transaction in the Software sector.
  • This is IBM’s 3rd transaction in Australia.

M&A Deal Summary
Date 2018-06-15
Target Oniqua Pty
Sector Software
Buyer(s) IBM
Sellers(s) ASCO
Deal Type Divestiture

Target

Oniqua Pty

Milton, Australia
Oniqua Pty Ltd. is a provider of an asset performance management software solutions for mining, oil and gas, utilities, and transportation industries.

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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 167 of 203
Sector: Software M&A 97 of 111
Type: Divestiture M&A Deals 16 of 19
Country: Australia M&A 3 of 5
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Armanta

Morristown, New Jersey, United States

Armanta, Inc. a provider of aggregation and analytics software to financial services firms. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed. Armanta, Inc. was founded in 2001 and is based in Morristown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-28 Red Hat

Raleigh, North Carolina, United States

Red Hat is a provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers support, training, and consulting services. Red Hat was formed in 1993 and is based in Raleigh, North Carolina.

Buy $34.0B

Seller(S) 1

SELLER

ASCO

Aberdeen, United Kingdom
Category Company
Founded 1967
Sector Transportation
DESCRIPTION

ASCO is a provider of outsourced logistics services and solutions to the oil and gas industry. ASCO was founded in 1967 and is based in Aberdeen, Scotland.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Oniqua Pty

Milton, Australia

Oniqua Pty Ltd. is a provider of an asset performance management software solutions for mining, oil and gas, utilities, and transportation industries.

Buy -
Mergr

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