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IBM to Acquire Accelalpha, Leading Oracle Consultancy

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IBM to Acquire Accelalpha, Leading Oracle Consultancy
Business

Business

IBM to Acquire Accelalpha, Leading Oracle Consultancy

2024-09-10 04:49 Last Updated At:05:05

Accelalpha's supply chain, logistics, finance, EPM and CX-CPQ skills to accelerate clients' Oracle Cloud Application adoption

ARMONK, N.Y., Sept. 10, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management (EPM) and customer transformation.

As Oracle applications have matured in depth of functionality, customers have prioritized working with more strategic services partners to enable transformation1. Upon close, Accelalpha will join IBM Consulting, bringing over a large global team of skilled consultants to help clients modernize with Oracle Cloud Applications.

"Many enterprises depend on Oracle to run the workflows that are at the heart of their enterprise," said Kelly Chambliss, Senior Vice President, IBM Consulting, Americas. "With our acquisition of Accelalpha, IBM will be even better positioned to help our clients deploy and manage Oracle solutions, including generative AI and cloud technology, for competitive advantage."

Headquartered in Bellevue, Washington, Accelalpha is a leading global provider of Oracle Cloud Applications consulting across advisory, implementation and managed services. Its highly skilled team serves clients across North America, Europe, Asia, the Middle East and South America, with a focus on distribution, industrial and financial services sectors.

Accelalpha's consultants bring expertise across the Oracle Cloud Applications Suite including Oracle Supply Chain Management (SCM) and Logistics, Oracle Cloud Enterprise Resource Planning (ERP), Oracle Cloud Enterprise Performance Management (EPM), Oracle Cloud Customer Transformation (CX), and Oracle Configure, Price, Quote (CPQ). As an Oracle Cloud Excellence Certified Implementer, Accelalpha boasts the largest Oracle logistics practice globally and was the first Oracle partner to implement Oracle Fusion Financials. Since its founding in 2009, Accelalpha has grown organically and through acquisition. Notable past acquisitions include Prolog Partners, Key Performance Ideas, LogistiChange and Frontera Consulting.

"IBM's client and employee-centric culture and long-established scale and reach in more than 175 countries is a great fit for the next stage of our growth," said Nat Ganesh, CEO, Accelalpha. "We're thrilled to bring our expertise in Oracle Cloud solutions and targeted domain and industry knowledge to bear together with IBM's strength in generative AI and hybrid cloud. With Accelalpha's history of being a pioneer in Oracle Cloud and IBM's deep-rooted dedication to innovation that matters, we can further accelerate value creation for our clients."

IBM and Oracle's partnership to serve clients spans almost 40 years. IBM was named a Leader in the 2023 IDC MarketScape for Oracle Implementation Services Ecosystem Worldwide2.

Accelalpha is recognized by Fortune as a best medium workplace and certified as a Great Place to Work. For more information on Accelalpha, please visit www.accelalpha.com.

The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed.

About IBM
IBM 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 Contact
Michelle Mattelson
IBM External Relations
morrison@us.ibm.com

1 The Forrester Waveâ„¢: Oracle Cloud Apps Implementation Services Partners, Q2 2022
2 IDC MarketScape: Worldwide Oracle Implementation Services 2023 Vendor Assessment (doc# US49837623, August 2023)

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

IBM to Acquire Accelalpha, Leading Oracle Consultancy

IBM to Acquire Accelalpha, Leading Oracle Consultancy

HONG KONG, Jan. 20, 2025 /PRNewswire/ -- Hong Kong Airlines resumed direct flights to Vancouver, Canada, on 18 January. Celebrations were held at Hong Kong International Airport and Vancouver International Airport to mark the relaunch.

Before the flight took off, senior management from Hong Kong Airlines and senior representatives from the Airport Authority Hong Kong attended a ceremony at the boarding gate, interacted with the first flight's passengers, and distributed bespoke souvenirs.

Hong Kong Airlines Chairman Mr Yan Bo said: "We are delighted to reinstate the Vancouver service, offering passengers more flight choices. Vancouver was Hong Kong Airlines' first North American destination, which was first launched in June 2017, and has always been popular. Resuming this route not only marks our official return to the North American market but also demonstrates the progress of our strategic transformation from a regional to an international airline earlier this year and boosting our confidence in expanding our global route network coverage."

To further enhance the passenger experience, the airline has curated a selection of Hong Kong-style in-flight meals for this route, offering a variety of Chinese, Western, and vegetarian options for both business and economy-class passengers.

Hong Kong Airlines President Mr Jeff Sun said, "Our Hong Kong-Vancouver route is operated by Airbus A330-300 aircraft, providing a high-quality and unique long-haul flight experience. Passengers from both Hong Kong and Canada can experience our attentive service and delicious meals, reflecting Hong Kong Airlines' customer-centric service approach and commitment to serving passengers in North America and around the world. This also underscores our vision of becoming a leading full-service airline in the region and internationally."

As a full-service airline, Hong Kong Airlines has actively improved its services and expanded its operations in recent years. Through strategic route network optimisation and fleet adjustments, it now serves over 30 destinations, demonstrating a strong recovery. Last year, flight numbers fully recovered to pre-pandemic levels, with an average passenger load factor of approximately 85% and over 5 million passengers carried. To support business growth, the company will continue to expand its fleet size as needed to further increase its capacity. By then, a fleet with diverse configurations will enhance operational flexibility and coverage, providing passengers convenient access to travel across mainland China, Japan, South Korea, and Southeast Asia via Hong Kong, as well as popular global travel destinations such as Australia, the United States, Canada, and Europe.

Hong Kong Airlines flight schedule* between Hong Kong and Vancouver is as follows (All times local): 

Route

Flight Number

Departure

Arrival

Frequency

HKG – YVR

HX080

22:10

18:10

Tue

23:50

19:50

Sat

YVR – HKG

HX081

01:50

07:00+1

Wed, Sun

* Flight number and schedule may change without prior notice

For high-resolution photos, please download here: https://bitly.cx/SL0m 

About Hong Kong Airlines

Established in 2006, Hong Kong Airlines is a full-service airline firmly rooted in Hong Kong. The airline flies to 30 destinations across the Asia Pacific, and currently maintains interline and codeshares with multiple airline partners and ferry service providers. Hong Kong Airlines operates an all-Airbus fleet. It has been awarded the internationally acclaimed four-star rating from Skytrax since 2011. For more information, please visit hongkongairlines.com or our social media channels on LinkedIn, Twitter, Instagram and Facebook.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

Hong Kong Airlines Returns to the North American Market and Celebrates the First Flight to Vancouver, Canada

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