Announced
Completed
Financials
Sources
Tags
Acquisition
operational IT management
Friendly
Cross Border
Private Equity
Single Bidder
Majority
FinOps
Software
United States
software development
Private
Completed
Synopsis
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.