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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. While ApptioOne can be used by enterprises to manage hybrid cloud, Apptio Cloudability can be used to monitor public cloud spending and expenditure optimization.

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The biggest enterprise technology M&A deals of the year

CIO Business Intelligence

Process mining giant Celonis has snapped up Process Analytics Factory, a small German company specializing in process optimization on Microsoft’s platforms. Meanwhile the company that used to be Highmetric is now called MajorKey Technologies, and its 420 remaining staff will continue to offer other digital strategy consulting services.