Phoenix Equity Partners-backed Phoenix Equity Partners-backed Logiq Consulting acquired by IBM

Transaction

Phoenix Equity Partners-backed Logiq Consulting acquired by IBM

Sell-side

Undisclosed

Role

Adviser to Phoenix Equity Partners-backed Logiq Consulting on its sale to IBM

Sector

Tech & Tech Services

Region

We have advised Phoenix Equity Partners-backed Logiq Consulting, a UK-based cyber security consultancy and secure solutions provider operating across defence, government, critical national infrastructure and regulated sectors, on its sale to IBM, a leading provider of global hybrid cloud and AI, with consulting expertise.

Logiq Consulting brings specialist capabilities spanning cyber security assurance, Secure by Design, secure systems engineering, digital transformation and secure managed services, helping organisations embed security from the outset and deliver resilient technology in complex operating environments.

The acquisition expands IBM's ability to help UK clients build secure, resilient and well-governed technology environments as they accelerate the adoption of AI and other digital technologies. Logiq Consulting's critical national infrastructure, defence and public sector expertise will complement IBM's consulting, hybrid cloud and AI capabilities and help clients embed Secure by Design and address digital sovereignty requirements.

Logiq Consulting extends IBM’s cybersecurity transformation portfolio and adds complementary capabilities to SiXworks’ (an IBM Company) digital transformation expertise in defence and the public sector. The acquisition advances IBM’s broader hybrid cloud, AI and digital sovereignty agenda. Together, IBM and Logiq Consulting will help UK clients maintain control over critical data and technology environments, meet evolving security and regulatory requirements, and adopt AI securely with confidence.

This marks an exciting new chapter for Logiq Consulting. Our success has been built on exceptional people, trusted customer relationships and a relentless focus on solving some of the UK's most complex cyber and security challenges. Our expertise in defence and critical national infrastructure together with IBM's global scale, AI and hybrid cloud capabilities, will enable us to deliver even greater value to our customers and help strengthen the security and resilience of the critical systems and services that underpin modern society. IBM shares our commitment to innovation, excellence and customer success, and I am excited about the opportunities this creates for our people, our clients and the future of our business.
James Morgan, CEO, Logiq Consulting

This marks our fourth Tech Services transaction since July and our second in the critical national infrastructure sector. Congratulations to Phoenix on a successful exit and for being a supportive partner over the past three years, as well as to the founders and management team on their continued success. IBM demonstrated throughout the process that it was the right home for Logiq, and we're proud to have played a part in this important milestone. We wish the combined business every success in its next phase of growth.
Wesley Fell-Smith, Managing Director and Head of Tech & Tech Services, Clearwater

Buyer interest in specialist cyber security and secure technology modernisation capabilities remains exceptionally strong, particularly where these services are delivered into highly regulated and mission-critical environments. Increasing investment in AI-enabled transformation, digital sovereignty and resilient national infrastructure continues to drive demand for businesses such as Logiq Consulting that have built a strong and differentiated position in these markets. It has been a pleasure to work alongside the Logiq Consulting management team, Phoenix Equity Partners and IBM throughout this process, and we look forward to seeing the business continue its growth as part of IBM.
Jon Grant, Director, Clearwater