Clearwater advises Bluetab Solutions on its sale to IBM Global Business Services

Transaction

Bluetab sold to IBM Global Business Services

Sell-side

Undisclosed

Role

Adviser to Bluetab Solutions on its sale to IBM Global Business Services

Sector

Tech & Tech Services

Region

Spain

Clearwater has advised Bluetab Solutions, SL (Bluetab), a Spanish leader in Big Data, on its sale to IBM Global Business Services (IBM) to expand its portfolio of hybrid cloud and data consulting services in Spain and Latin America.

Founded in 2005 by Tom Uhart and Jose Luis López and based in Madrid, Bluetab is a multinational company specialised in software, technology consulting, cloud ecosystems, Big Data, and data analytics, that helps companies in their digital transformation.

IBM, nicknamed "Big Blue" and ranked as the 18th largest company in the United States, was founded in 1911 as Computing Tabulating Recording Corporation and is the result of the merger of four companies. Headquartered in Armonk, New York, it manufactures and markets computer hardware and software and provides infrastructure, internet hosting and consulting services across a wide range of computing-related areas, from mainframe computers to nanotechnology.

The acquisition aims to accelerate Bluetab's growth by helping companies generate business value, from managing their data and expanding their hybrid cloud and AI strategy to create new customer experiences and redefine their operations.

The outside-in digital transformation of the past is giving way to the inside-out potential of using company-owned data with AI and automation to generate business value and create intelligent workflows. Our acquisition of Bluetab will fuel migration to the cloud and help our clients to realise even more value from their mission-critical data.
Mark Foster, Senior Vice President, IBM Services and Global Business Services

Clearwater played a critical and high-value role in guiding us through the M&A process. David and his team helped us articulate our growth opportunity and generate interest from multiple parties. They were a constant ally and their process yielded a great outcome for shareholders and a fantastic partner for the future who shares our values and enthusiasm for Bluetab's continued success.
Tom Uhart, Bluetab co-founder

After successfully closing the transaction, we are absolutely convinced that Clearwater are the best advisers out there and we believe that we were very lucky in selecting them, the result has exceeded our best expectations. They know the business better than anyone, they are passionate about their work and they are easy to work with. They have a great ability to put themselves in the shoes of all the parties involved and seek points of agreement. They also excel at negotiating the most sensitive and delicate issues. In short, they are the best professionals and companions for the roller coaster that is the sale process of a company.
José Luis López, Bluetab co-founder