IBM announces the completion of its acquisition of Apptio Inc.

After obtaining the necessary regulatory permissions, IBM made the announcement that it would be purchasing Apptio Inc. 

The acquisition allows clients to gain even more value from the powerful combination of Apptio and IBM.

The combination of Apptio's FinOps offerings, such as ApptioOne, Cloudability, and Targetprocess, with IBM's automation portfolio, including Turbonomic, AIOps, and Instana, provides clients with a "virtual command center" for managing, automating, and optimizing technology spending decisions.

IBM will also complement its WatsonX AI and data platform with Apptio's $450 billion in anonymized IT spend data, unlocking new innovation, insight, and value. AI and foundational models are top of mind for clients and partners.

Rob Thomas, Senior Vice President of Software and Chief Commercial Officer at IBM, stated in the official press release that the combination of Apptio products and IBM's IT automation portfolio will provide businesses with a 360-degree technology management platform they can utilize to optimize and automate decisions across their IT landscapes. In order to continue transforming IT from a cost center to a true competitive advantage, driven by automation and AI, he noted that they were combining market-leading and best-in-class technologies.

Through their Cloudability and Turbonomic products, clients may already benefit from the early Apptio and IBM integration. This is a crucial first step for IBM as it seeks to significantly synergize numerous key growth sectors, such as automation, Red Hat, IBM Consulting, and its wider AI portfolio.