CNBC June 26, 2023
Key Points
– IBM on Monday announced it will acquire the software company Apptio from Vista Equity Partners for $4.6 billion.
– Apptio offers financial and operational IT management and optimization software and serves more than 1,500 clients, including major tech companies such as Amazon, Microsoft and Google.
– Apptio will be acquired with cash, and IBM said the deal is expected to close in the latter half of this year.
IBM on Monday announced it will acquire the software company Apptio from Vista Equity Partners for $4.6 billion.
The company said the acquisition of Apptio, which offers financial and operational IT management and optimization tools, is a continuation of IBM’s investment in AI and IT automation software. IBM...
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