This week, IBM Services announced its plans to acquire SAP business partner TruQua Enterprises, LLC (TruQua). According to IBM, the transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2020. The newest IBM acquisition is geared towards driving the company’s hybrid cloud growth strategy to help its clients drive digital transformation and help them modernise their financial processes with SAP solutions.
TruQua co-founder Scott Cairncross comments on the announcement:
“We are incredibly excited to join the IBM family. TruQua’s ‘Smart, Driven and Nice’ consultants will be able to quickly add to IBM’s already strong capabilities in the finance and analytics space.
David Dixon, another TruQua co-founder adds:
“We see an amazing opportunity to amplify our differentiated knowledge assets via IBM’s solution portfolio, global reach, and scale.”
TruQua—an SAP partner for finance and analytics solutions
TruQua is a licensed SAP business partner that specialises in delivering finance and analytics solutions. The IT company focuses on delivering roadmap strategies, projects implementations, post-go-live support, and SAP solutions and technologies, including:
- SAP Central Finance (CFIN)
- SAP S/4HANA Finance for Group Reporting
- SAP Analytics Cloud
- SAP Cloud Platform
With these capabilities, IBM expects the acquisition of TruQua to further enhance its expertise in implementing SAP solutions for clients.
Rahul Kalia, IBM Services’ Global Managing Partner for Enterprise Cloud Applications comments:
“Our clients are reimagining their core finance processes with cloud, AI and other exponential technologies to drive increased value for their organizations. Our acquisition of TruQua further strengthens IBM’s deep global expertise in finance and demonstrates our continued commitment towards supporting Chief Financial Officers’ strategic initiatives.”
With TruQua’s finance-first approach to help clients jumpstart their SAP S/4HANA journey with SAP solutions, IBM expects to further accelerate clients’ migration to SAP’s next-generation enterprise resource planning business suite. By doing so, IBM believes clients can more effectively modernise their financial processes and enhance operations efficiency.
Kalia concludes:
“IBM will leverage TruQua’s extensive experience in SAP S/4HANA Finance & Group Reporting solutions to deliver better business outcomes, enabled by intelligent workflows and hybrid cloud.”
As another well-established SAP partner, IBM has helped over 4000 businesses digitally transform with SAP S/4HANA and has completed over 5000 successful SAP projects. IBM clients include:
- Cenovus Energy, a Canada-based integrated oil and gas company, turned to IBM Services to help modernise its business processes and advance its overall digital transformation with SAP S/4HANA.
- Evoqua Water Technologies, a provider of water and wastewater treatment solutions, partnered with IBM Services to implement SAP S/4HANA on a six-month timeline.
- Vivo Energy, the company that distributes and markets Shell and Engen branded fuels and lubricants to retail and commercial customers in Africa, partnered with IBM Services in 2018 to establish a global implementation template and move forward with SAP S/4HANA solutions.
- ARAUCO, a global manufacturer of forest products used IBM Rapid Move for SAP S/4HANA to slash the time required to gain advanced analytics capabilities: helping it boost efficiency, reduce waste and cut costs.
- G2 Tecnologia, a Brazil-based company, uses IBM Cloud for SAP Applications to quickly roll out services and improve customer relationships.
- StarKist runs its global supply chain with a limited IT staff using cloud-enabled SAP.
- Ogilvy, a leading advertising agency, uses a managed SAP solution on IBM Cloud to improve user experience, save costs, and help grow their business.
- St. Marche, a company that owns and operates a chain of supermarkets in Brazil, deployed SAP solutions powered by SAP HANA and IBM Applications Management for SAP Solutions.
