Alignment of IT with business objectives is a critically important topic in academic and industry. It is the key of success for modern organizations that is needed to survive and compete. It refers to the degree of congruence between business and IT strategies. This paper discusses the importance of aligning IT with business objective and the different effective strategies to align IT with business objectives. The paper also reviews the current research moles developed in support of this important concept. The paper further introduces a new theoretical framework for aligning IT with business objectives that analyze and integrate leading research models in this area combined with the well-established information systems success model of Mclean and DeLone.