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Century Park Capital Partners ("Century Park") is pleased to announce that International Business Machines Corporation ("IBM") (NYSE:IBM) has entered into a definitive agreement to acquire its portfolio company, Accelalpha, Inc. ("Accelalpha"). The transaction is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed.
Accelalpha is a leading global provider of Oracle Fusion Cloud Applications consulting, 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 was founded in 2009 by its current CEO, Nat Ganesh. Century Park invested in Accelalpha alongside Nat Ganesh and a meaningful group of employee equityholders in 2020.
Posted In: IBM
