IBM to Acquire Apptio for $4.6 Billion, Expanding its Cloud and IT Management Capabilities

IBM agreed to acquire Seattle-area cloud and IT management company Apptio for $4.6 billion, marking a significant milestone after Apptio's prior IPO and private equity acquisition. Apptio's SaaS technology helps companies manage tech spending and has grown to over $400 million annual revenue and 1,500 corporate customers, including half the Fortune 100.

SSunny Gupta