(Tiper Stock Exchange) – IBMthe US IT and cloud giant, has entered into a definitive agreement with Vista Equity Partners for the purchase of Apptioa leader in finance and operations software for managing and optimizing IT, for $4.6 billion. The Apptio acquisition will accelerate the advancement of IBM’s IT automation capabilities, it said in a statement.
Apptio will be acquired with available money. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close on second half of 2023.
“Technology is changing business at a speed and pace never seen before. To take advantage of these changes, it is essential to optimize investments that generate better business value, and Apptio does just that,” he said Arvind Krishna, CEO from IBM – Apptio’s offerings combined with IBM’s IT automation software and watsonx AI platform, offer clients the most comprehensive approach to optimize and manage all of their technology investments.”
(Photo: Photo by Carson Masterson on Unsplash)