IBM acquires Logiq Consulting as Phoenix exits its investment
IBM has acquired UK cybersecurity specialist Logiq Consulting in a sale announced by investor Phoenix Equity Partners, according to September 24 statements from the buyer and seller. The sale transfers a defence-focused consultancy and its DISX secure-collaboration business to IBM; the parties did not disclose the financial terms.
An exit with no disclosed return
Phoenix announced its investment in Logiq on June 5, 2023, describing plans to develop the company's operations, expand DISX and enter new markets. Its September 24, 2026 statement says it sold Logiq to IBM. Travers Smith, which advised on the sale, identifies Logiq's founders and other shareholders as sellers alongside Phoenix. Those announcements establish the investment and exit, but not Phoenix's initial stake, its sale proceeds or its return.
Phoenix said Logiq expanded its end-market presence and DISX platform during the partnership. Those are the seller's descriptions of progress, not disclosed financial results. Both Phoenix and IBM withheld the transaction's financial terms, so the deal cannot be assigned a defensible sale value from their announcements.
What IBM acquired
IBM describes Logiq as a UK cybersecurity consultancy serving defence, critical national infrastructure and other regulated clients. Its work includes security assurance, secure systems engineering and managed services. Logiq also develops and operates DISX, which IBM describes as a managed platform for exchanging sensitive information between government suppliers and UK government and defence organisations.