It seems that IBM is on a buying spree for IT firms focused on cloud services for enterprises, having just acquired its second cloud IT firm in the span of a few weeks. The company has announced that it’s reached a definitive agreement to buy Taos, a San Jose-based multi-cloud consulting and managed services firm.

IBM has chosen the cloud sector as the one it looks to for growth so it’s no surprise that the company is making acquisitions there. Taos is similar to another firm that it recently acquired, Nordcloud, the difference being Nordcloud is focused on the European market.

Taos, which IBM just reached a deal to buy, has existed as an IT firm for over 30 years. Pivoting towards cloud services as the technology caught up, Taos forged partnerships with leading cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure to aid its business of cloud consulting services for enterprises.

According to the research firm Gartner, the market for cloud professional services is estimated to top $200 billion by 2024 so it seems IBM is up to something there. 

IBM expects its acquisition of Taos to be completed in the first quarter of 2021. The price that it’s paying to buy Taos isn’t disclosed.

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