IBM announced it has completed its acquisition of Apptio Inc. after receiving all required regulatory approvals, giving clients the ability to derive additional value through the combination of Apptio and IBM.
This acquisition brings together 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.
With AI and foundation models top of mind for clients and partners, IBM will also augment its watsonx AI and data platform with Apptio’s $450 billion in anonymized IT spend data, unlocking new innovation, insight, and value.
“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. “We are bringing together market-leading and best-in-class solutions to continue to reshape IT from a cost center to a true competitive advantage, powered by automation and AI.”
Starting immediately, clients can leverage the early integration between Apptio and IBM through their Cloudability and Turbonomic offerings. This is an important first step as IBM looks to drive significant synergy across several key growth areas, including automation, Red Hat, IBM Consulting, and IBM's broader AI portfolio.
Cloudability gives organizations the data, insights and recommendations needed to understand and eliminate waste from their cloud spend, while Turbonomic generates trustworthy optimization decisions that can be automated to unlock true cloud elasticity, getting rid of overprovisioning to protect performance.
According to the company, together, these products can give clients full coverage for the “Inform,” “Optimize,” and “Operate” stages of the FinOps Framework, providing what they need to control cloud spend without slowing innovation or negatively impacting operational performance.
Cloudability can ingest Turbonomic executed and proposed actions to provide a shared, single view across services that helps stakeholders understand the impact that has been, and can be, achieved by bringing these two leading IT automation offerings together.
The close of the Apptio acquisition is one of a series of investments in IT Automation by IBM over the last three years to help solve the problems facing today’s IT and business leaders.
Now, with the acquisition of Apptio, IBM will provide real-time data and actionable insights for leaders to make smarter spending decisions and realize value faster as they transform their operations.
IBM previously announced a definitive agreement to acquire Apptio from Vista Equity Partners on June 26, 2023.
For more information about this news, visit www.ibm.com.