According to the Wall Street Journal, IBM is in talks to acquire software company Apptio for about $5 billion. The deal, which is not yet finalized, would be IBM’s latest acquisition to expand its cloud computing and AI businesses.
Apptio provides software for managing IT costs and resources, used by companies like Amazon, Microsoft, and Salesforce. The acquisition would give IBM a strong presence in the growing IT management market.
IBM has been investing heavily in cloud computing and AI. In 2019, it acquired Red Hat, a leading open-source software company, for $34 billion, integrating it into its offerings.
The potential acquisition of Apptio would further drive IBM’s transformation into a cloud-based company. It would provide IBM with a diverse product portfolio for managing IT costs and resources, marking their largest acquisition since the Red Hat deal.
Here are some of the potential benefits of the acquisition for IBM:
- Gain access to Apptio’s customer base and market share in the IT management market.
- Expand IBM’s cloud computing and AI capabilities.
- Strengthen IBM’s position as a leader in the IT management market.
Overall, the acquisition of Apptio would be a significant move for IBM. It would help IBM expand its cloud computing and AI capabilities.
