On November 30, the acquisition of SXiQ was announced, which advances IBM’s hybrid cloud and AI strategy by helping enterprises modernize and transform complex mission-critical applications on multiple clouds and platforms.

SXiQ works with leading Australian enterprises, as well as the Australian operations of global Fortune 2000 companies, to successfully migrate and modernize their cloud infrastructure and applications across multiple industries. The company works with clients to monitor and optimize their spending on cloud resources, helping enterprises unlock greater value from their cloud investment to realize cost savings of 20 percent or more.

SXiQ will enhance IBM Consulting’s capabilities in Australia and New Zealand to modernize applications and technology infrastructure in the cloud. This is the 20th acquisition – and tenth consulting acquisition – since Arvind Krishna became IBM’s CEO.

SXiQ will join IBM Consulting’s fast-growing Hybrid Cloud Services business, helping IBM capitalize on a rapidly growing cloud professional services market. SXiQ’s team of technology consultants brings expertise transforming and migrating enterprise workloads on cloud platforms including Amazon Web Services and Microsoft Azure.

John Hanna, Managing Director, SXiQ, said:

“Our digital transformation experience and track record of client delivery on leading cloud platforms will send a strong signal affirming our and IBM’s commitment to clients’ successful journey to the cloud. Our clients can now take advantage of IBM’s broad capabilities around ERP systems, Data & Analytics, Machine Learning & AI, deep platform partnerships, and global delivery capabilities, allowing us to broaden the transformational capabilities we can bring to our customers, ensuring they can make their own digital transformation further and deeper.”

Financial details were not disclosed.