IBM Successfully Acquires Apptio Inc.

IBM has completed its acquisition of Apptio Inc., allowing clients to optimize and automate technology spending decisions. The combination of Apptio's FinOps offerings and IBM's automation portfolio will provide businesses with a comprehensive technology management platform. The acquisition also brings Apptio's anonymized IT spend data, valued at $450 billion, to IBM's watsonx AI and data platform, enabling new innovation and insights. Clients can immediately leverage the integration between Apptio and IBM through their Cloudability and Turbonomic offerings, which help control cloud spend and improve cloud investments. This acquisition is part of IBM's ongoing investments in IT Automation to address the challenges faced by IT and business leaders.