What's Going On With IBM Stock Monday
Portfolio Pulse from Anusuya Lahiri
IBM has signed a deal with Vista Equity Partners to acquire Apptio Inc for $4.6 billion. Apptio is a leader in FinOps software and has over 1,500 clients, serving over half of the Fortune 100. The acquisition will accelerate IBM's IT automation capabilities and enhance business value across technology investments.
June 26, 2023 | 2:09 pm
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IBM's acquisition of Apptio Inc for $4.6 billion will accelerate its IT automation capabilities and enhance business value across technology investments, potentially boosting IBM's stock.
The acquisition of Apptio, a leader in FinOps software, will strengthen IBM's IT automation capabilities and help businesses optimize IT spending. This could lead to increased demand for IBM's services and products, potentially boosting its stock price in the short term.
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