IBM today announced it has completed its acquisition of Apptio Inc. after receiving all required regulatory approvals. The acquisition gives clients the ability to derive additional value through the powerful combination of Apptio and IBM.
Technology is a competitive differentiator for today's enterprises. Organizations are accelerating their IT investments, spreading workloads and applications across public and private clouds, using multiple service providers. As a result, their expenses are increasing, and they need simplified, integrated, and automated solutions to optimize their IT spend, improve operations, and drive greater financial returns.
Today's close brings together the industry-leading solutions of Apptio's FinOps offerings, including ApptioOne, Cloudability and Targetprocess, and IBM's automation portfolio of Turbonomic, AIOps and Instana to give clients a "virtual command center" for managing, optimizing and automating technology spending decisions.
With AI and foundation models top of mind for clients and partners, IBM will also augment its watsonx AI and data platform with Apptio's $450 billion in anonymized IT spend data, unlocking new innovation, insight and value.