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IBM to buy Apptio for $4.6B to help companies optimize IT spend

CIO Business Intelligence

billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. IBM also acquired Instana in November 2020, to target the application performance monitoring market from a hybrid cloud standpoint.

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Celonis beefs up its Power BI process mining capabilities

CIO Business Intelligence

For the past decade, process mining specialist Celonis has been helping enterprises optimize processes around their ERP systems — and more recently has branched out to help them optimize their use of workflow automation platforms, too. Process mining was the sole focus for Celonis for years, initially around SAP systems.

IT 98
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The biggest enterprise technology M&A deals of the year

CIO Business Intelligence

trillion in 2020 to $5.16 trillion in 2021, according to financial market data provider Refinitiv. Already this year, there are numerous smaller M&A deals, as enterprise software providers buy their way into new markets or acquire new capabilities rather than develop them in house. M&A volume climbed from $3.26