IBM completes acquisition of Apptio

IBM has announced it has completed its acquisition of Apptio Inc., after receiving all required regulatory approvals. It signed a definitive agreement to purchase the company in June.

IBM said the close brings together the solutions of Apptio’s FinOps offerings, including ApptioOne, Cloudability and Targetprocess, and IBM’s automation portfolio of Turbonomic, AIOps and Instana, to give clients a “virtual command center” for managing, optimizing and automating technology spending decisions. It will also augment its watsonx AI and data platform with Apptio’s US$450 billion in anonymized IT spend data.

Starting immediately, clients can leverage the early integration between Apptio and IBM through their Cloudability and Turbonomic offerings. This is a first step; IBM said it looks to drive synergy across several key growth areas, including automation, Red Hat, IBM Consulting, and IBM’s broader AI portfolio.

“The combination of Apptio products and IBM’s IT automation portfolio will give businesses a 360-degree technology management platform they can use to optimize and automate decisions across their IT landscapes,” said Rob Thomas, senior vice president, software and chief commercial officer, IBM.

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