TechRepublic June 26, 2023
The ApptioOne, Apptio Cloudability and Apptio Targetprocess services will join the portfolio of IBM acquisitions later this year.
IBM will put down $4.6 billion in cash to acquire the business management and FinOps software company Apptio from Vista Equity Partners. Assuming all regulatory processes go smoothly, IBM expects the deal to close later this year.
Apptio will integrate with IBM IT finance operations services
The acquisition is part of IBM’s increasing efforts to bolster its machine learning and hybrid cloud offerings. Along with Apptio’s products and people, IBM will now be able to find uses for $450 billion of anonymized IT spend data from Apptio’s backlog. Apptio also has relationships with 60% of the Fortune 100, according to the company’s...
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