IBM Acquires Hakkoda for Enhancing AI and Data Consulting Services
IBM has announced the acquisition of Hakkoda Inc., a leading data and AI advisory company designed to augment IBM Consulting's offerings, adding to its capabilities to help clients transform their data infrastructure to fuel AI-based business processes.
Hakkoda is also well known for its proficiency in migrating, optimizing, and monetizing data estates and is widely respected as a Snowflake partner. This buyout will allow IBM to be better positioned to meet the rising need for higher-level data services, enabling clients to build end-to-end integrated, agile, and cost-optimized data platforms for various business uses.
Accelerating AI-Powered Data Modernization
Aside from its robust data capabilities, Hakkoda has an impressive suite of generative AI solutions meant to drive data modernization programs forward. Its customized solutions extend across key verticals such as financial services, public sector, and healthcare and life sciences.
The acquisition also further extends IBM's AI-driven consulting delivery via IBM Consulting Advantage, providing clients with greater insights and quicker results.
Mohamad Ali, Senior Vice President and Head of IBM Consulting, said, “IBM is at the leading edge of the consulting industry with how we're supercharging our consultants with AI”
He added, “With Hakkoda's data expertise, deep technology partnerships and asset-centric delivery model, IBM will be even better positioned to deliver value faster to clients as they transform with AI."
Growing Market Demand for Data Intelligence
According to IDC, global spending on enterprise intelligence services is expected to grow from $169 billion to over $243 billion by 2028, driven by a five-year compound annual growth rate (CAGR) of approximately 13%. To unlock the full potential of their data, companies need robust strategies for data migration and advanced, multi-functional cloud-based data platforms.
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Hakkoda’s Industry Credentials and Global Footprint
Hakkoda, an elite Snowflake partner with hundreds of SnowPro certifications, has been named the 2024 Snowflake Healthcare & Life Sciences Services Partner of the Year and the 2023 Snowflake Americas System Integrator Innovation Partner of the Year.
The firm, also holding advanced-tier status with AWS, has been acquired by IBM, with the deal finalized on April 2, 2025. Hakkoda operates globally, with teams across the US, Latin America, India, Europe, and the UK.
