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IBM acquires Apptio from Vista for $4 6B in cash to double down on hybrid cloud services

As cloud architecture continues to more ubiquitous among organizations, increasingly what is more apparent is that many organizations are taking a hybrid approach, blending SaaS in private and public clouds with some products that remain on premises. Today, IBM made a big acquisition doubling down on the hybrid concept: it will pay $4.6 billion in cash to buy Apptio which has built a platform to track how and where data lives in hybrid environments and how it's being used, in particular how that tallies up in terms of financial and resource costs. IBM said that the plan will be to have Apptio sit alongside IBM's existing IT automation software and its AI platform to develop and sell solutions to businesses to manage and optimize spend within their IT stacks.

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IBM to purchase IT software company Apptio for $4 6B

IBM announced on Monday it is purchasing business software company Apptio Inc. from its parent Vista Equity Partners for $4.6 billion.

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IBM buys Apptio from Vista for $4 6B cash to expand hybrid cloud services

IBM buys Apptio from Vista for $4 6B cash to expand hybrid cloud services
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IBM To Buy Apptio

IBM (IBM) has entered into a definitive agreement with Vista Equity Partners to purchase Apptio Inc. for $4.6 billion. IBM noted that Apptio is a FinOps leader, with over 1,500 clients, serving more than half of the Fortune 100.

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IBM to Acquire Apptio - FinSMEs

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

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