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Completion combines the industry-leading solutions of Apptio ’ s FinOps offerings , including ApptioOne , Cloudability and Targetprocess , with IBM ’ s automation portfolio of Turbonomic , AIOps and Instana .
Done deal – IBM confirms co of $ 4.6 billion Apptio acquis
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IBM has confirmed its acquisition of Apptio after receiving all required regulatory approvals . The close brings together the recognized as industryleading solutions of Apptio ’ s FinOps offerings , including ApptioOne , Cloudability and Targetprocess , and IBM ’ s automation portfolio of Turbonomic , AIOps and Instana , offering clients a ‘ virtual command center ’ for managing , optimizing and automating technology spending decisions .
With AI and foundation models top of mind for clients and partners , IBM will also augment its watsonx AI and data platform with Apptio ’ s $ 450 billion in anonymized IT spend data – unlocking new innovation , insight and value .
“ 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 ,” said Rob Thomas , Senior Vice President , Software and Chief Commercial Officer , IBM . “ We are bringing together market-leading and best-inclass solutions to continue to reshape IT from a cost center to a true competitive advantage , powered by automation and AI .”
Starting immediately , clients can leverage the early integration between Apptio and IBM through their Cloudability and Turbonomic offerings . This is a key 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 . Cloudability gives organizations the data , insights and recommendations needed to understand and eliminate
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