IBM Consulting acquires Indonesia-based Equine Global

31 October 2023 2 min. read

IBM Consulting has acquired Equine Global, an Indonesia-based ERP specialist and cloud consulting services provider.

Founded in 2009, Equine Global consists of four operating companies that specialise in ERP implementations, application development, and data management. Its team works with Indonesian brands to adopt new and complex technologies, providing strategy, technology, implementation and managed services.

Equine Global is an implementation partner of numerous technologies, including SAP, Oracle, AWS, Salesforce, Tableau, Informatica, Automation Anywhere, Dell – and IBM itself.

IBM Consulting acquires Indonesia-based Equine Global

Commenting on the bolt-on, Deep Bhau, Managing Partner Indonesia at IBM Consulting, said: “The purchase of Equine Global will extend our ability to meet increased client demand for digital services in the region. Equine Global’s deep client intimacy, localised assets and hybrid cloud experience will further enable IBM Consulting to help clients innovate faster and fuel business transformation in Indonesia.”

Equine Global is IBM’s 9th acquisition in 2023, and 30th or so since Arvind Krishna became CEO in April 2020. Most of the acquisitions have been focused on hybrid cloud, artificial intelligence, and consulting capabilities.

IBM Consulting has around 160,000 employees globally. The firm’s Asia division is divided into three regions. ASEANZK comprises the ten ASEAN member countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – plus Australia, New Zealand and South Korea.

The other two regions are: GCG (China, Hong Kong and Taiwan) and ISA (India, Sri Lanka and Bangladesh).

Bhau said that Equine Global is IBM Consulting’s first ever acquisition in Indonesia, demonstrating the company’s commitment to grow its footprint in the country which it describes as a fast growing and rapidly digitising market.

“The government of Indonesia has outlined a roadmap for achieving holistic digital transformation, which is driving unprecedented growth for a robust digital infrastructure and adoption of digital technologies – specifically in automation and analytics – in order to boost productivity and efficiency,” Bhau said.

According to IDC, Indonesia’s IT services market is expected to grow by double digits to reach $9 billion by 2028. Key areas of IT investment include infrastructure modernisation, application optimisation, IT-driven employee productivity, and artificial intelligence.