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.