IBM Completed Acquisition of Apptio

IBM completed its acquisition of Apptio after receiving all required regulatory approvals. The acquisition gives clients the ability to derive additional value through the powerful combination of Apptio and IBM.

This takeover 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.

"The combination of Apptio products and IBM's IT automation portfolio will give businesses a 360-degree technology management platform they can use to optimize and automate decisions across their IT landscapes," said Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM. "We are bringing together market-leading and best-in-class solutions to continue to reshape IT from a cost center to a true competitive advantage, powered by automation and AI.

Starting immediately, clients can leverage the early integration between Apptio and IBM through their Cloudability and Turbonomic offerings. This is an important first step as IBM looks to drive significant synergy across several key growth areas, including automation, Red Hat, IBM Consulting, and IBM's broader AI portfolio.