{"id":39316,"date":"2023-06-26T09:46:31","date_gmt":"2023-06-26T13:46:31","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=39316"},"modified":"2023-07-04T09:14:23","modified_gmt":"2023-07-04T13:14:23","slug":"ibm-to-acquire-apptio-for-5-billion","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/ibm-to-acquire-apptio-for-5-billion\/","title":{"rendered":"IBM to acquire Apptio for $5 billion"},"content":{"rendered":"<p data-ar-index=\"1\">According to Wall Street Journal, IBM is nearing a deal to acquire software company Apptio from Vista Equity Partners, for about $5 billion in an all-cash deal.<\/p>\n<p data-ar-index=\"2\">The deal would reportedly give IBM access to Apptio&#8217;s cloud-based IT management software, which helps businesses track and optimize their IT spending, and bolster its cloud and automation offerings.<\/p>\n<p data-ar-index=\"3\">According to IBM, Apptio&#8217;s software helps companies manage their IT work across different clouds and service providers. While IBM&#8217;s CEO, Arvind Krishna, believes that by combining Apptio&#8217;s offerings with IBM&#8217;s IT automation software and WatsonX AI platform, clients can effectively optimize and manage all their technology investments. Krishna emphasized the importance of optimizing investments to drive better business value in a rapidly changing technological landscape.<\/p>\n<p data-ar-index=\"4\">The acquisition is expected to close in the second half of 2023, pending regulatory approvals.<\/p>\n<p data-ar-index=\"5\">The sources for this piece include an article in <a href=\"https:\/\/www.reuters.com\/technology\/ibm-nears-5-billion-deal-software-provider-apptio-wsj-2023-06-24\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Wall Street Journal, IBM is nearing a deal to acquire software company Apptio from Vista Equity Partners, for about $5 billion in an all-cash deal. The deal would reportedly give IBM access to Apptio&#8217;s cloud-based IT management software, which helps businesses track and optimize their IT spending, and bolster its cloud and automation [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[208],"class_list":["post-39316","post","type-post","status-publish","format-standard","hentry","category-companies","tag-ibm"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/39316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=39316"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/39316\/revisions"}],"predecessor-version":[{"id":39318,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/39316\/revisions\/39318"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=39316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=39316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=39316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}