I tried to resign 4-5 times from Apptio: Co-founder Sunny Gupta on his entrepreneurial journey and the company he sold to IBM for $4 6 billion moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
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.
IBM, the multinational tech corporation headquartered in New York, has recently announced its acquisition of Apptio, a technology spend-management platform, from Vista Equity Partners. The deal was finalized for a cash payment of $4.6 billion. IBM plans to finance the Apptio acquisition using its available cash reserves. The company expects the transaction to be concluded in the latter half of 2023. In an interview with Reuters, Senior Vice President Rob Thomas revealed that IBM remains opportunistic about potential mergers and
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.