IBM Acquires Hakkoda Inc., Expanding Data Expertise to Fuel Clients' AI Transformations
ARMONK, N.Y., April 7, 2025 /CNW/ -- IBM (NYSE: IBM) today announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI-powered business operations.
Hakkoda has leading capabilities in migrating, modernizing, and monetizing data estates and is an award-winning Snowflake partner. This acquisition amplifies IBM's ability to meet the rapidly growing demand for data services and help clients build integrated enterprise data estates that are optimized for speed, cost and efficiency across multiple business use cases.
Hakkoda also brings a strong portfolio of generative AI powered assets that can speed up data modernization projects. Their industry solutions complement and build on their consultants' deep expertise in industries like financial services, public sector, and healthcare and life sciences. Hakkoda will further expand IBM's ability to bring both consulting expertise and AI to clients using its AI-powered delivery platform, IBM Consulting Advantage.
"IBM is at the leading edge of the consulting industry with how we're supercharging our consultants with AI," said Mohamad Ali, Senior Vice President and Head of IBM Consulting. "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."
"From the beginning, Hakkoda has committed to being 'in the arena', not observing the greatest transformation in history but shaping it," said Erik Duffield, CEO and Co-founder of Hakkoda. "It is because of this that we are excited to join IBM at this critical moment when organizations are looking for a trusted partner to help them modernize their data for the AI era. IBM's heritage of innovation, their commitment to discovery and deep partnerships with clients on their most technical challenges is a perfect pairing to take Hakkoda's industry focused modern data consulting to the global marketplace."
Estimated global spending for enterprise intelligence services initiatives stands at $169 billion and, with a five-year CAGR of about 13 percent, is expected to grow to more than $243 billion by 2028, according to IDC1. To extract value from their data, business leaders need a thoughtful data migration strategy and a modern, multi-use case data platform on the cloud.
As an Elite Snowflake partner, Hakkoda brings hundreds of SnowPro core and advanced certifications. They were named the 2024 Snowflake Healthcare & Life Sciences Services Partner of the Year and 2023 Snowflake Americas System Integrator Innovation Partner of the Year. Hakkoda is also an advanced-tier partner of AWS.
Hakkoda is headquartered in New York and brings hundreds of experts across the United States, Latin America, India, Europe, and the United Kingdom to IBM Consulting. For more information on Hakkoda, visit https://hakkoda.io/.
The acquisition closed on April 2, 2025, and financial details of the transaction were not disclosed.
About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media ContactMichelle MattelsonIBM External Relationsmorrison@us.ibm.com
1 IDC Worldwide Enterprise Intelligence Services Forecast, 2024–2028, doc # US51423624, July 2024
View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-acquires-hakkoda-inc-expanding-data-expertise-to-fuel-clients-ai-transformations-302421546.html
SOURCE IBM
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/07/c5674.html
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Snowcap Compute raises $23 million for superconducting AI chips
By Stephen Nellis SAN FRANCISCO (Reuters) -Snowcap Compute, a startup working on building artificial intelligence computing chips using superconducting technology, on Monday raised $23 million and said that the former CEO of Intel will join its board. Snowcap aims to build computers that could one day beat today's best artificial intelligence systems, while using a fraction of the electricity. To do that, Snowcap plans to use a new kind of chip made with superconductors, which are materials that allow current to flow without electrical resistance. Scientists understand superconductors well and have theorized about making computer chips with them since at least the 1990s, but have faced a major challenge: To work, the chips need to be kept very cold in cryogenic coolers which themselves consume a lot of electricity. For decades that made superconductor chips a nonstarter, until AI chatbots ignited huge demand for computing power at the same time that conventional chips are hitting the limits of how much performance they can wring from every watt of power and are taxing electricity grids. Nvidia's forthcoming "Rubin Ultra" AI data center server due in 2027, for example, is expected to consume about 600 kilowatts of power. That means operating that single server at full capacity for one hour would consume about two thirds the average power that a U.S. house uses in a month. In that kind of changed world, dedicating a portion of a data center's power needs to cryogenic coolers makes sense if the performance gains are good enough, said Michael Lafferty, Snowcap's CEO, who formerly oversaw work on futuristic chips at Cadence Design Systems. Snowcap believes that even after accounting for energy used in cooling, its chips will be about 25 times better than today's best chips in terms of performance per watt. "Power (efficiency) is nice, but performance sells," Lafferty said. "So we're pushing the performance level way up and pulling the power down at the same time." Snowcap's founding team includes two scientists - Anna Herr and Quentin Herr - who have done extensive work on superconducting chips at chip industry research firm Imed and defense firm Northrop Grumman, as well as former chip executives from Nvidia and Alphabet's Google. While the chips can be made in a standard factory, they will require an exotic metal called niobium titanium nitride that Lafferty said depends on Brazil and Canada for key ingredients. Snowcap plans its first basic chip by the end of 2026, but full systems will not come until later. Despite the long development timeline, Pat Gelsinger, Intel's former CEO who led the investment for venture firm Playground Global and is joining Snowcap's board, said the computing industry needs a sharp break from its current trajectory of consuming ever more electricity. "A lot of data centers today are just being limited by power availability," Gelsinger said. Also joining the funding round were Cambium Capital and Vsquared Ventures.
Associated Press
30 minutes ago
- Associated Press
AIX 2.0 Set to Launch: From Elite Community to Global Platform, Redefining AI-Driven Intelligent Finance
Colorado, USA, June 23, 2025 -- AIX is set to launch the groundbreaking AIX 2.0 on July 2, marking not only a comprehensive upgrade of its technical architecture but also a strategic leap—from an exclusive community to an open global ecosystem. From Exclusive Community to Global Ecosystem: The Evolution of AIX Since its inception, AIX has been committed to deeply integrating AI and blockchain technologies, driving the intelligent transformation of the global digital economy through continuous innovation. As its global user base expands and international partnerships deepen, AIX is stepping onto the world stage with a renewed vision—bringing intelligent financial solutions to a broader global audience. Richard Bennett, CEO of AIX, stated: 'AIX 2.0 is more than an upgrade—it's an evolution. We're redefining intelligent asset management by making cutting-edge AI technology truly accessible, empowering individuals to enhance their financial lives and generate tangible value.' With the launch of AIX 2.0, the platform evolves from a single AI strategy engine into a diversified intelligent ecosystem—encompassing interaction, social impact, entertainment, and rewards. It aims to build an intelligent financial community that integrates technological advancement, ecosystem expansion, and community empowerment—enabling users to not only benefit from the platform but also actively contribute to its development and social good initiatives. Brand Upgrade Launch: A New Identity Redefining Trust and Vision Alongside the release of AIX 2.0, the platform is unveiling a refreshed brand identity—featuring modern visual design and a technology-driven tone that reinforces its core values of intelligence, transparency, and user-centricity. A fixed portion of the platform's revenue will be allocated to blockchain-verifiable global philanthropic initiatives, supporting causes such as education and environmental protection—demonstrating AIX's commitment to the principle of AI for Good and its broader social responsibility. Co-Creating the Future: AIX Extends a Global Invitation for Collaboration The launch of AIX 2.0 marks the beginning of a new era in intelligent asset management. AIX extends a global invitation to developers, investment institutions, AI innovators, and nonprofit organizations to help shape this open ecosystem powered by AI and blockchain technologies. Together, we can drive a new wave of fintech innovation and co-create a roadmap for the next decade of intelligent asset management. In this collaborative and inclusive ecosystem, every participant will find their unique value and share in the opportunities brought by technological advancement. Contact Info: Name: Allen Email: Send Email Organization: AIXecute Ltd. Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89162931 Should there be any problems, inaccuracies, or doubts arising from the content provided in this press release that require attention or if a press release needs to be taken down, we urge you to notify us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our efficient team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is central to our commitment.
Associated Press
30 minutes ago
- Associated Press
Ocean Optics Users Dive Deep Into Scientific Applications, Driving Record Engagement With Bioz Tools
PALO ALTO, CALIFORNIA / ACCESS Newswire / June 23, 2025 / Bioz, Inc., a driving force in AI-powered literature search and product transparency, is excited to announce the success of its partnership with Ocean Optics, a global leader in optical sensing and spectroscopy solutions. With the integration of Bioz Pro Badges and a dedicated Bioz Content Hub, Ocean Optics is elevating its digital web experience for researchers by providing transparent, data-driven product validation and discovery tools directly on its Content Hub Bioz Content Hub on the Ocean Optics Website To further enhance visibility and engagement, Ocean Optics has also added a Bioz Homepage Banner, ensuring that visitors immediately discover the powerful citation management capabilities available on its website. This feature gives users an immediate glimpse into the volume of scientific data, offering a valuable starting point for exploring relevant applications. The Bioz Pro Badges offer an interactive window into how Ocean Optics' products are being cited and used in real-world scientific studies. By displaying key article snippets, surrounding context, and full publications, these AI-powered widgets help scientists make confident, evidence-based purchasing decisions. Kelly Radziski, Marketing Manager at Ocean Optics, emphasized the impact of their Bioz tools: 'We've seen some of the best engagement across our site thanks to our Bioz integration. Not only are users actively using the citation search and exploring the applications deeply, but the insights we're gaining are also helping guide our internal planning and strategy. It's a win-win for our customers and our team.' This level of interaction has translated into outstanding user engagement metrics, among the best Bioz has seen, confirming the value of integrating AI-powered validation and discovery tools into the buyer journey. 'Ocean Optics' strategic use of Bioz Pro Badges and a Bioz Content Hub is a great example of how suppliers can empower researchers while driving internal value,' said Dr. Karin Lachmi, Chief Revenue Officer and Co-Founder of Bioz. 'From homepage visibility to application-specific citation search tools, Ocean Optics is maximizing the impact of Bioz solutions to serve both their customers and their internal team.' Together, Bioz and Ocean Optics are streamlining the research process for scientists while delivering actionable insights for product and marketing teams, redefining what it means to be data-driven in the scientific space. About Bioz Bioz is the world's most advanced AI search engine for scientific research, offering evidence-based product ratings and recommendations to guide scientists toward the most validated products for their discoveries. Bioz's solutions for suppliers include Bioz Badges and Bioz Content Hubs, web-based widgets that enhance user engagement and increase sales conversion. About Ocean Optics Ocean Optics, a pioneer in miniature fiber optic spectroscopy, has been delivering cutting-edge optical sensing solutions across diverse industries for over 30 years. High-performance spectrometers, photonics systems, software, and accessories provide precise and reliable measurements for applications in research, quality control, and process monitoring. This versatile technology supports sectors including semiconductor, biomedical, environmental, and industrial markets, with a strong focus on innovation and excellence to empower customers in achieving optimal results and driving advancements in their fields. Helpful Links For more information on Bioz solutions for suppliers, please reach out to [email protected]. Contact Information Daniel Levitt CEO [email protected] SOURCE: Bioz, Inc. press release
