Technology major International Business Machines Corporation (IBM) recently announced that it has acquired an Australian digital transformation services company, SXiQ. The financial terms of the deal have been kept under wraps. Following the news, shares of the company rose marginally to close at $117.62 in Tuesday’s extended trading session. This acquisition will allow IBM to strengthen its capabilities in Australia and New Zealand, as SXiQ is one of the leading providers of cloud infrastructure and applications in the region and serves industries like financial services, consumer products, energy, healthcare, and the public sector.
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