US technology company IBM is buying technology expense management software Apptio for $4.6 billion to strengthen its automation capacity.
In a statement from IBM, the company announced that it has signed an agreement with Vista Equity Partners for the acquisition of financial and operational information technology management and optimization software Apptio.
In the statement, it was stated that the acquisition of Apptio for $ 4.6 billion will accelerate the advancement of IBM’s information technology automation capacity and enable corporate leaders to deliver enhanced business value in their technology investments.
It was stated that Apptio, together with IBM’s information technology automation software and “watsonx AI” platform, will help businesses around the world manage and optimize their corporate information technology spending and provide tangible financial value, and will also contribute to achieving operational improvement. .
IBM Chief Executive Arvind Krishna, whose statements were included in the statement, pointed out that technology changes jobs at a speed never seen before, and emphasized that it is important to optimize investments that provide better business value in order to take advantage of these changes, and Apptio does just that.
Krishna stated that Apptio’s capabilities, combined with IBM’s IT automation software and watsonx AI platform, will offer customers the most comprehensive approach to optimize and manage their entire technology investment.