IBM purchased an Indian consulting company 🌟

What’s poppin’ — IBM continued to deepen its foray into hybrid cloud, buying out a  specialized cloud consulting platform called Neudesic.

The Irvine, CA HQ’ed business (with more than 50% of its employees in India) specializes in everything related to Microsoft’s Azure Cloud — helping laggard enterprises (like your favorite basmati rice brand, and some rando FMCG company, you get it…) build out and maintain their computing and data operations, and associated services.

Meanwhile, a leaner, meaner, newer IBM under the leadership of new CEO Arvind Krishna, is fighting to rediscover growth — cutting off all old legacy businesses, and focusing only on cloud applications, hosting, and related consulting.

Why care — with the stock market volatile, valuations pulled back, and liquidity drying up, old-school giants are using the uncertainty to buyout emerging companies for pennies on the dollar.