IBM enters definitive agreement to purchase Apptio for $4.6B

IBM announced that it has entered into a definitive agreement with Vista Equity Partners to purchase Apptio for $4.6B. The acquisition of Apptio will accelerate the advancement of IBM‘s IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments. Organizations are digitally transforming their businesses faster than ever, causing IT environments to expand across public and private clouds, with multiple service providers. “Apptio, together with IBM’s IT automation software and it’s watsonx AI platform, will help businesses around the world manage and optimize enterprise IT spend and derive tangible financial value and operational improvement,” the company said. “Technology is changing business at a rate and pace we’ve never seen before. To capitalize on these changes, it is essential to optimize investments which drive better business value, and Apptio does just that,” said Arvind Krishna, CEO and chairman, IBM. “Apptio’s offerings combined with IBM’s IT automation software and watsonx AI platform, gives clients the most comprehensive approach to optimize and manage all of their technology investments.”