A serial entrepreneur from Silicon Valley with four startups under his belt, Gupta has just sold his latest SaaS company, Apptio, to IBM. Life has come full circle for Gupta, given that Big Blue was where he began his career three decades ago.
Along with the tech giant’s IT automation software and its watsonx AI platform, Apptio will be able to help businesses around the world optimise IT spends and derive tangible financial value and operational improvement.
The Wall Street Journal reported that a deal between the companies could be completed over the weekend, adding that it was unclear whether the purchase price includes debt.