04:58 PM EDT, 09/09/2024 (MT Newswires) -- International Business Machines ( IBM ) said Monday it intends to acquire Accelalpha, an Oracle (ORCL) cloud service provider.

IBM ( IBM ) expects to close the acquisition, which will boost its Oracle consultancy offerings, in Q4 2024, subject to customary closing conditions and regulatory approvals.

Financial details of the transaction weren't provided.

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