Seattle Based Apptio News Today

The acquisition of Apptio, which has over 1,500 customers and partnerships with cloud companies from Amazon.com's AWS to Salesforce, will benefit IBM's Red Hat business, AI portfolio and its consulting business, the technology giant said in a statement. Founded in 2007, Seattle-based Apptio helps companies manage and understand their spending on cloud services and offers functionalities such as IT budgeting, forecasting and financial analyses. Private equity firm Vista Equity Partner...

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

IBM said it will finance the transaction with cash on hand and expects the deal to close in the latter half of 2023