IBM Nears Deal To Buy Software Company Apptio For $5 Billion
Portfolio Pulse from Bibhu Pattnaik
IBM is close to acquiring cloud-based business software company Apptio for approximately $5 billion. The deal follows IBM's previous acquisitions of Turbonomic and Red Hat, and the sale of its healthcare data and analytics assets.
June 24, 2023 | 6:27 pm
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IBM is nearing a deal to acquire Apptio for about $5 billion, which could strengthen its software portfolio and potentially boost its revenue.
The acquisition of Apptio could strengthen IBM's software portfolio, as Apptio is a major player in helping companies manage their technology spending. This deal could potentially boost IBM's revenue and align with its previous acquisitions of Turbonomic and Red Hat.
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