IBM, an American multinational technology corporation, completed the acquisition of Apptio, a provider of financial and operational IT management and optimization software, from Vista Equity Partners, a private equity firm, for $4.6bn. "Our journey with Apptio is a testament to Vista's ability to create consistent outcomes that drive value for our stakeholders. We are proud of our continued momentum, even amidst these challenged market conditions, and look forward to seeing how Apptio's technology will bolster IBM's IT automation and AI capabilities in the years ahead. It's been an honor to partner with a visionary founder like Sunny and we wish the entire Apptio team the best in the next phase of their growth with IBM," Robert F. Smith, Vista Equity Founder, Chairman and CEO.