INDUSTRY NEWS:  15 January 2021

PRESS RELEASE: Armonk, New Jersey, Unites States of America – IBM has announced that it has entered an agreement to acquire cloud and managed services provider Taos.

“Our laser-like focus on helping clients migrate to the cloud, modernize multi-cloud platforms, and manage hybrid cloud environments over the past several years is a natural fit with IBM Global Business Services,” said Hamilton Yu, CEO of Taos. “Our team brings over 300 certifications with leading public clouds to serve clients throughout North America, and we're thrilled to join forces with IBM and tap into its global delivery capabilities.”

“Taos adds the deep expertise, public cloud partnerships and innovative solutions needed to drive growth and adoption of IBM's hybrid cloud platform throughout the Americas,” said John Granger, Senior Vice President, Cloud Application Innovation and Chief Operating Officer, IBM Global Business Services.

“The platform gives enterprises the freedom to choose from multiple providers to best meet their business and IT needs, and we are committed to helping our clients successfully navigate their open hybrid cloud journeys with those providers.”

Headquartered in San Jose, California in the USA, Taos is one of the largest multi-cloud consulting and managed services firms in North America.

Financial details have not been not disclosed. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2021.

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