M&A Deal Summary

IBM Acquires Kubecost

On September 17, 2024, IBM acquired software company Kubecost

Acquisition Highlights
  • This is IBM’s 109th transaction in the Software sector.
  • This is IBM’s 142nd transaction in the United States.
  • This is IBM’s 47th transaction in California.

M&A Deal Summary
Date 2024-09-17
Target Kubecost
Sector Software
Buyer(s) IBM
Deal Type Add-on Acquisition

Target

Kubecost

San Francisco, California, United States
Kubecost is a cost-monitoring and optimization software company. Kubecost was founded in 2019 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
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 198 of 198
Sector (Software) 109 of 109
Type (Add-on Acquisition) 175 of 175
State (California) 47 of 47
Country (United States) 142 of 142
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Accelalpha

Bellevue, Washington, United States

Accelalpha is a business and IT consulting services firm that provides services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington.

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