IBM To Acquire Apptio For $4.6B Providing Actionable Financial And Operational Insights Across Enterprise IT
Portfolio Pulse from Benzinga Newsdesk
IBM is set to acquire Apptio for $4.6 billion, aiming to advance its IT automation capabilities and provide enterprise leaders with actionable financial and operational insights across technology investments.
June 26, 2023 | 11:06 am
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IBM's acquisition of Apptio for $4.6 billion will enhance its IT automation capabilities and provide valuable insights for enterprise leaders.
The acquisition of Apptio will strengthen IBM's IT automation capabilities, which is a key area of growth for the company. This will likely have a positive impact on IBM's stock price in the short term as investors see the potential for increased revenue and market share.
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