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technology2 years ago

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.

via IBM Newsroom|
#ai#apptio#cloud-spending
technology2 years ago

IBM's $4.6 Billion Bet on Cloud Bills and IT Sprawl

IBM is acquiring Apptio for $4.6 billion to address the enduring problems of cloud costs and IT sprawl. Apptio specializes in FinOps, which focuses on the financial management of IT operations. The acquisition will enable IBM to build a "virtual command center" for spend management and optimization across enterprise IT. IBM plans to combine Apptio's capabilities with its existing automation software to provide comprehensive spend management and optimization solutions. The acquisition also grants IBM access to Apptio's anonymized IT spend data, which will provide new insights for clients and partners. The deal is expected to close in the latter half of 2023.

via The Register|
#apptio#cloud-computing#ibm
business2 years ago

IBM acquires Apptio for $4.6B to strengthen cloud services.

IBM is set to acquire Apptio, a technology spend-management platform, from Vista Equity Partners for $4.6 billion in cash. The acquisition will help IBM bolster its capabilities in cloud and automation, benefitting its Red Hat business, AI portfolio, and consulting business. Apptio has over 1,500 customers and partnerships with cloud companies from Amazon's AWS to Salesforce. The deal is expected to close in the latter half of 2023 and will be financed with cash on hand.

via Reuters|
#acquisition#apptio#business
business2 years ago

IBM Acquires Apptio for $4.6B to Boost Hybrid Cloud Services.

IBM is set to acquire Apptio, a platform that tracks data in hybrid environments, for $4.6 billion in cash. The acquisition will allow IBM to develop and sell solutions to businesses to manage and optimize spend within their IT stacks. Apptio's products cover spend management and planning within hybrid cloud environments, managing spend around public cloud deployments, and modelling bigger projects. The deal will give IBM access to Apptio's 1,500 enterprise customers, including more than half of the Fortune 100, and key integrations and partnerships with Amazon Web Services, Microsoft Azure, Google Cloud Platform, Salesforce, ServiceNow, Oracle and SAP.

via TechCrunch|
#apptio#business#finops