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IBM nears $5 billion deal for software provider Apptio - WSJ

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IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.

A deal between the companies could be finalised over the weekend, the Journal reported, adding that it is unclear whether the purchase price includes debt.

Apptio, which was taken private by Vista Equity Partners in 2018 for $1.94 billion, provides products including cloud-based and hybrid business management software, a possible asset for technology giant IBM.

 

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