IBM Acquires Apptio for $4.6 Billion
June 26, 2023
IBM entered into a definitive agreement to acquire Apptio, a FinOps and financial/operational IT management software provider, for $4.6 billion. The deal combines Apptio’s cloud spend management SaaS offerings with IBM’s automation and observability portfolio and augments IBM’s watsonx AI and data platform with Apptio’s anonymized IT spend data.
- Buyers
- IBM
- Targets
- Apptio Inc.
- Sellers
- Vista Equity Partners
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Buyout
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