Kurt Shintaffer News Today

Born in Chandigarh, the 53-year-old Sunny Gupta is a serial Silicon Valley entrepreneur and has launched four startups.

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 opport...

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.

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