What CIOs Stand To Gain In A Tech M&A Revival
CIODIVE, Friday, February 9th, 2024
Acquisitions by companies like IBM, Cisco and SAP reflect a trend that gives IT executives a window to centralize IT spend around key vendors.
Tech sector merger and acquisition activity is heating up again after a year-long economic freeze, punctuated in March by the alarming collapse of Silicon Valley Bank.
IBM announced in January it would acquire Advanced's mainframe modernization unit for an undisclosed sum, expanding a portfolio that includes the $4.6 billion purchase of business management software company Apptio announced in June.