IBM to Acquire Apptio
Summary
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. Led by Sunny Gupta, CEO, Apptio is a profitable technology business management and FinOps leader, with over 1,500 clients, serving more than half of the Fortune 100. ApptioOne is used to establish repeatable and accurate planning and financial management processes, delivering actionable insights around cost and utilization, while benchmarking against industry peers for continuous optimization. Apptio and the performance optimization and observability capabilities of IBM’s IT automation software like Turbonomic, Instana and AIOps, will give clients a technology business management platform, providing a “virtual command center” for spend management and optimization stretching across their entire technology landscape. In addition, Apptio will bring to IBM $450 billion of anonymized IT spend data, giving access to new insights for clients and partners.
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