IBM completes acquisition of Apptio

IBM announced it has completed its acquisition of Apptio Inc. after receiving all required regulatory approvals. “The acquisition gives clients the ability to derive additional value through the powerful combination of Apptio and IBM… 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,” the company stated. “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. 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,” said Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM.