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Ibm To Acquire Apptio Inc., Providing Actionable Financial And Operational Insights Across Enterprise It

Jun 26, 2023•about 2 years ago

Acquiring Company

IBM

Acquired Company

Apptio

ArmonkInformation Technology

Description

IBM (NYSE: IBM) today announced that it has entered into a definitive agreement with Vista Equity Partners to purchase Apptio Inc., a leader in financial and operational IT management and optimization (FinOps) software, for $4.6 billion. The acquisition of Apptio will accelerate the advancement of IBM's IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments.

Company Information

Company

IBM

Location

Armonk, New York, United States

About

To learn more about IBM Global Business Services, please visit: https://www.ibm.com/services.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed