IBM to buy Apptio for $4.6B to help companies optimize IT spend
CIO Business Intelligence
JUNE 26, 2023
billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. IBM is acquiring the company from Vista Equity Partners, which purchased it in 2019 for $1.94 Cloud cost management and optimization is the biggest pain point of enterprises.
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