Alantra advises BoxBoat Technologies on its sale to IBM
SECTORTechnology
ServiceM&A
New York – Alantra, a leading global investment bank and asset management firm, is pleased to announce that BoxBoat Technologies LLC, a premier DevOps consultancy and enterprise Kubernetes certified service provider, has been sold to IBM (NYSE: IBM). The transaction will close in Q3 2021 and the deal value was not disclosed.
Founded in 2016 and headquartered in Bethesda, Maryland, BoxBoat helps clients establish containers and Kubernetes as core enablers for cloud solutions. Its track record of delivering complex cloud consulting projects includes advising many Fortune 100 companies and Government clients on industry best practices, modernizing existing DevOps solutions, and containerizing mission-critical workloads.
BoxBoat will join IBM Global Business Services’ fast-growing Hybrid Cloud Services business, enhancing IBM’s capacity to meet rising client demand for container strategy and the critical people and process components of the cloud transformation journey. BoxBoat delivers a full suite of services that include customized strategies for Kubernetes and Enterprise Container Platform adoption, application containerization, DevSecOps, training and enablement. The Company guides enterprises on the right tooling, business strategy, workflows and processes to meet their DevOps goals.
“We founded BoxBoat on the idea that containers and DevOps would become an industry standard with the potential to transform enterprise IT with lightning-fast application deployment workflows,” said Tim Hohman, CEO and Co-Founder of BoxBoat, in a company statement. “Joining IBM will allow us to realize a shared vision of helping clients innovate by successfully deploying container-based applications on-premise and to the cloud.”
“Our clients require a more holistic approach to application modernization and cloud that allows them to operate across a traditional IT environment, private cloud and public clouds. That’s at the heart of our hybrid cloud approach,” said John Granger, Senior Vice President, Hybrid Cloud Services at IBM. “No cloud modernization project can succeed without a containerization strategy, and BoxBoat is on the forefront of container services innovation.”
This transaction adds to Alantra’s growing momentum in DevSecOps, cloud technologies, and cloud consulting focus areas. The Alantra team advising BoxBoat included Renee Shaening, Michael Lenoce, Alex Bader and Killian Bubrosky.
