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Ibm Completes Acquisition Of Apptio Inc.

Aug 10, 2023•almost 2 years ago

Acquiring Company

IBM

Acquired Company

Apptio

ArmonkInformation Technology

Description

IBM (NYSE: IBM) today announced it has completed its acquisition of Apptio Inc. after receiving all required regulatory approvals. The acquisition gives clients the ability to derive additional value through the powerful combination of Apptio and IBM.

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