This is slightly more than 2021's revenue of 73.62 billion USD. Over the current book year the company from Armonk could achieve a revenue around 74.6 billion USD (consensus estimates). Upon deal closing, the Adobe Workfront business of Rego will join the growing Adobe practice within IBM iX - IBM Consulting's customer and experience transformation group.

With this acquisition, IBM expands its rich Adobe service offering to meet the rising client demand for experience-led business transformation backed by intelligent workflows.The Rego team being acquired by IBM has wide expertise in end-to-end Workfront services, delivering strategy formulation to implementation to management and support to Fortune 500 companies. Rego has been recognized as the Adobe Workfront Partner of the year over the past two years and has achieved Adobe Workfront Specialization.The technology firm has been investing heavily to strengthen its hybrid cloud and AI strategy and capabilities, with a focus on acquiring high-value consultative services. The deal represents the 17th overall acquisition for IBM - and the ninth acquisition in cloud and AI services - since Arvind Krishna took over as IBM CEO in April 2020.Financial details of the deal were not disclosed.IBM (NYSE: IBM ) is advancing its hybrid cloud and AI strategy with plans to acquire the Adobe Workfront consulting unit and assets from Rego Consulting.

Adobe acquire workfront