IBM to acquire software company Apptio for $4.6 billion

IBM on Monday announced it will acquire the software company Apptio from Vista Equity Partners for $4.6 billion.

Apptio offers financial and operational IT management and optimization software and serves more than 1,500 clients, including major tech companies like Amazon, Microsoft and Google. Apptio will be acquired with cash, and IBM said the deal is expected to close in the latter half of this year.IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023.on Monday announced it will acquire the software company Apptio from Vista Equity Partners for $4.6 billion.

The company said the acquisition of Apptio, which offers financial and operational IT management and optimization tools, is a continuation of IBM's investment in AI and IT automation software. IBM said that Apptio will help it advance its application management, optimization and observability offerings.Apptio currently serves more than 1,500 clients, including major tech companies like

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