IBM Bolsters Fed Business with Octo Buy

December 14, 2022 Alex Woodie

IBM is buying Octo, a Reston, Virginia-based provider of IT solutions to the Federal government. The acquisition, which was announced last week, is expected to close before the end of the year and should bring IBM expertise and manpower to help federal agencies modernize their operations in specific areas, including data science, AI, big data, security, and the cloud.

Octo was founded in 2006 by Mehul Sanghani to provide IT solutions to federal agencies. Over the years, the company has won some prestigious contracts. In March 2020 it signed a $50 million deal provide the United States Patent and Trademark …