IBM today announced it has acquired 7Summits, a privately held consulting firm owned by Sverica Capital Management LP. For more than 10 years, 7Summits has specialized in projects based on software-as-a-service (SaaS) applications from Salesforce. Terms of the deal were not disclosed.
The acquisition comes as the number of organizations that have transitioned to SaaS applications in the wake of the COVID-19 pandemic has significantly increased. This shift has been driven by a need to better enable employees to work from home and to accelerate nascent digital business transformation initiatives.