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IBM announced that it has entered into a definitive agreement with Vista Equity Partners to purchase Apptio Inc., a leader in financial and operational IT management and optimization (FinOps) software, for $4.6 billion.

IBM announced yesterday that it has entered an agreement with Vista Equity Partners to purchase tech spend management company Apptio for US$4.6 billion. IBM says that the acquisition will help clients around the world optimize their enterprise IT spend and manage the increased complexity of businesses using multi-cloud environments. “Technology is changing business at a

/PRNewswire/ -- IBM (NYSE: IBM) today announced that it has entered into a definitive agreement with Vista Equity Partners to purchase Apptio Inc., a leader in...

IBM is making a big play in the financial and operation IT management (otherwise known as FinOps), announcing Monday it would acquire Apptio in an all-cash deal worth $4.6 billion.

IBM is set to buy Apptio, a leader in financial and operational IT management and optimization software, for $4.6 bn from Vista Equity

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...

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

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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The Apptio acquisition will help IBM compete with rival cloud services providers such as AWS, Google Cloud, Microsoft and Oracle, which offer their own expense tracking tools.