IBM Acquires Apptio for $4.6 Billion

Apptio Acquires Cloudability

May 31, 2019

Software

Apptio, a Bellevue-based technology business management software company, completed the acquisition of Cloudability, a Portland-based leader in multi-cloud financial management, on May 31, 2019. The deal adds Cloudability’s FinOps capabilities — which manage more than $9 billion in enterprise cloud spend and serve 250+ enterprise customers — to Apptio’s portfolio to deliver an integrated, cloud-agnostic cost and financial-management solution.

Apptio Acquires SaaSLicense

October 13, 2020

Cloud & SaaS

Apptio, Inc. has acquired SaaSLicense, a SaaS discovery, optimization, and management product, to extend its technology business management and cloud financial management capabilities. The acquisition adds SaaSLicense's automatic SaaS usage and spending detection to Apptio's existing Cloudability and broader portfolio to help customers manage SaaS spend and compliance.

Apptio Acquires Cloudwiry

January 9, 2023

Cloud & SaaS

Apptio, Inc. has acquired Cloudwiry, an Austin-based FinOps and multi-cloud cost-optimization SaaS provider. The deal (closed December 22, 2022) will integrate Cloudwiry’s automated reservation and savings-plan optimization capabilities into Apptio’s Cloudability offering to expand Apptio’s cloud cost-optimization and FinOps functionality.

IBM to Acquire Applications Software Technology LLC

January 16, 2025

IT Services

IBM announced its intent to acquire Applications Software Technology LLC, a global Oracle consultancy focused on Oracle Cloud Applications transformations, including public sector clients. The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals, and financial terms were not disclosed.

IBM to Acquire Turbonomic

April 29, 2021

Software

IBM announced a definitive agreement to acquire Turbonomic, a Boston-based Application Resource Management (ARM) and Network Performance Management (NPM) software provider. The acquisition expands IBM’s hybrid cloud and AI capabilities by adding Turbonomic’s AIOps-driven optimization and observability technology to IBM’s Cloud Pak for Watson AIOps and Instana offerings.

IBM Acquires Kubecost

September 17, 2024

Cloud & SaaS

IBM has acquired Kubecost, a San Francisco–based Kubernetes cost monitoring and optimization software company, to strengthen its FinOps and cloud cost-management capabilities. Kubecost will be integrated into IBM's FinOps Suite alongside Apptio/Cloudability and Turbonomic; financial terms were not disclosed.