IBM to acquire software firm Apptio for $4.6 billion

New York, June 26 IBM said on Monday it will acquire cloud software company Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation. Shares of IBM were...

Tribune Web Desk

Updated At : 12:13 PM Jun 27, 2023 IST

New York, June 26

IBM said on Monday it will acquire cloud software company Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation. Shares of IBM were down less than 1% in pre-market trading. IBM said it will finance the deal with cash on hand and expects the transaction to close in the latter half of 2023. — Reuters

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