IBM invests over 30 billion yuan to acquire FinOps software giant Apptio_News_ALL NEW SEMI (ANSC)

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IBM invests over 30 billion yuan to acquire FinOps software giant Apptio

2023-06-29

Recently, IBM announced the acquisition of FinOps software giant Apptio for $4.6 billion (approximately RMB 33.304 billion).

For this acquisition, IBM believes that the acquisition of Apptio will help enhance its IT automation capabilities and provide customers with more useful tools to 'provide higher business value'.

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"Technology is changing business at an unprecedented speed and degree. To take advantage of these changes, it is crucial to optimize investment and realize better business value, which is what Apptio does," said Arvind Krishna, CEO and Chairman of IBM. "Apptio's products combine IBM's IT automation software and watsonx artificial intelligence platform, providing customers with the most comprehensive method to optimize and manage all technology investments."

In terms of funding, IBM has already reached an agreement with Vista Equity Partners, thereby obtaining partial funding support.

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