IBM has announced plans to acquire Oracle consultancy Application Software Technology and work with L’Oréal to develop artificial intelligence (AI) models.
Financial terms of the deal were not disclosed.
The acquisition aims to strengthen IBM’s Oracle solutions across North America, the UK and Ireland, and address the complexities of public sector cloud transformation.
Applications Software Technology specializes in Oracle Cloud applications, helping clients in areas such as local government and K-12 education.
said Kelly Chambliss, senior vice president, IBM Consulting Americas.
“The acquisition of Applications Software Technology expands IBM’s public sector and Oracle Cloud Applications skills, enabling our clients to transform their businesses with confidence.”
The deal builds on IBM’s acquisition of Accelalpha in 2024 and further expands the capabilities of Oracle cloud solutions.
Based in Lisle, Illinois, Applications Software Technology operates teams in the United States, United Kingdom, Canada, and India.
The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals.
In parallel, IBM partnered with L’Oréal to develop AI models aimed at improving cosmetic formulations and sustainability.
The AI-based model is intended to support L’Oréal’s research and innovation teams around the world.
Process formulation and ingredient data to accelerate tasks such as formulating new products, reformulating existing products, and optimizing scale-up production.
“Building on our years of unique beauty science expertise and data structuring, this major partnership with IBM is a great opportunity for our innovation and “This opens up a new and exciting era in the development process.”
Alessandro Curioni, vice president of IBM Fellow Europe and Africa and director of IBM Research Zurich, said: “L’Oréal is committed to delivering meaningful insights from our rich formulation and product data to help achieve operational goals. “We will be able to create customized AI models that support continuous creation.” High quality and sustainable products. ”
These efforts are in line with IBM’s broader strategic moves, including its planned $6.4 billion acquisition of cloud software vendor HashiCorp, which is currently under investigation by the UK’s Competition and Markets Authority over competitive concerns. There is.
“IBM acquires Oracle consulting firm, partners with L’Oréal” was originally created and published by Verdict, a brand owned by GlobalData.
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