IBM is acquiring software provider Apptio for $4.6 billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions.
Apptio specializes in what has been called technology business management (TBM), or more recently, financial operations (also known as finops) software, designed to allow diverse teams in a business manage IT costs. IBM said it will combine Apptio’s capabilities with the performance optimization and observability capabilities from recent acquisitions such as Turbonomic and Instana, in order to give enterprises a complete business management platform.
