IBM has officially acquired Hakkoda Inc., a prominent data and AI consultancy, in a move that signals its commitment to accelerating enterprise transformation through artificial intelligence and modern data strategies.
Empowering AI-Driven Business Models
The acquisition is set to bolster IBM Consulting’s capabilities in modernizing data estates and harnessing AI at scale. Hakkoda, best known for its award-winning partnership with Snowflake, brings a wealth of experience in cloud data migration, modernization, and monetization. This strategic move aims to help organizations unlock the full potential of their data to drive AI-powered business outcomes.
Industry-Focused Innovation
Hakkoda also brings an impressive portfolio of generative AI solutions tailored for industries such as healthcare, public sector, and financial services. These assets, combined with IBM’s AI-powered delivery platform, IBM Consulting Advantage, are expected to accelerate project timelines and deliver scalable results across various sectors.
A Perfect Match for the AI Era
Erik Duffield, CEO and Co-founder of Hakkoda, emphasized the company’s mission to actively shape the AI revolution, not just observe it. Joining IBM allows Hakkoda to expand its impact globally, leveraging IBM’s legacy of innovation and deep client relationships.
Meeting Soaring Demand for Data Services
With global enterprise intelligence services projected to grow from $169 billion to over $243 billion by 2028, IBM’s enhanced offerings are timely. The demand for robust data migration strategies and modern cloud-based platforms is surging as businesses transition to AI-centric operations.
Elite Partnerships and Global Reach
Hakkoda is a recognized Elite Snowflake partner and has earned accolades such as the 2024 Snowflake Healthcare & Life Sciences Services Partner of the Year. It also maintains an advanced-tier partnership with AWS, ensuring a multi-cloud approach to client solutions. The company brings a global team spanning the U.S., Latin America, India, Europe, and the U.K., further extending IBM’s consulting footprint.
As organizations increasingly adopt AI to transform their operations, the need for specialized consulting and data frameworks has never been more urgent. This acquisition positions IBM to lead that charge, delivering faster value and innovation to its clients.
In line with this trend of AI-powered transformation in enterprise consulting, another major development includes the merger of Lovelytics and Nousot, forming a powerhouse in Databricks-focused data solutions across industries.
Financial terms of the acquisition remain undisclosed. The transaction was finalized on April 2, 2025.
