Podcasts Government Federal Drive with Tom Temin Private equity makes big play for government services companies

Private equity makes big play for government services companies

Published: April 20, 2023, 7:27 a.m.

In a move that seemed a little like the boa constrictor swallowing an elephant in \u201cThe Little Prince,\u201d IBM Consulting made a deal for its biggest acquisition ever with the purchase of federal government digital services provider Octo Consulting. The $1.25 billion transaction included moving 1,500 Octo employees into IBM\u2019s consulting business and it enhanced Big Blue\u2019s place in the firmament of the government consulting and technology services landscape. For Octo, the move created an opportunity for future expansion, and by acquiring Octo, IBM increased its foothold in the business of federal government.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices