IBM is set to make a major move in the cloud services market with its recent acquisition of Apptio. As one of the leading providers of cloud-based technology management, Apptio’s technology and expertise will help IBM to take its cloud services to the next level. With this acquisition, IBM is primed to become a major player in the cloud services industry.
Apptio Acquisition: IBM’s Move to Boost Cloud Services
IBM’s move to acquire cloud-based business software provider Apptio for around $5 billion is a strategic step to bolster its cloud services. Apptio’s software helps companies manage their technology budgets, giving IBM the ability to offer customers a more comprehensive suite of cloud services. This acquisition follows IBM’s purchase of Red Hat for $34 billion in 2018, and is part of the company’s ongoing effort to expand its cloud offerings.
Paragraph 2: Apptio’s software provides customers with the ability to monitor their technology budgets and make informed decisions about their technology investments. It also helps companies identify cost savings, optimize their technology investments, and create more efficient processes. With Apptio’s software, IBM customers will have access to a more comprehensive suite of cloud services, allowing them to better manage their technology budgets and maximize their investments.
Vista Equity Partners to Fund IBM’s Apptio Purchase
IBM is set to acquire cloud-based business software provider Apptio in a deal worth around $5 billion. The acquisition is being funded by private-equity firm Vista Equity Partners and is expected to be finalized over the weekend. Apptio’s software helps companies manage their technology budgets, making it a valuable asset for IBM as it looks to expand its cloud services.
Paragraph 2: The acquisition of Apptio is the latest in a series of moves by IBM to bolster its cloud offerings, following the company’s purchase of Red Hat for $34 billion in 2018. With Apptio, IBM will be able to provide its customers with a more comprehensive suite of cloud services. This will allow IBM to better compete in the cloud market and provide customers with the tools they need to manage their technology budgets more effectively.
Red Hat Acquisition: IBM’s Push for Cloud Dominance
The acquisition of Apptio by IBM is the latest move in the company’s push for cloud dominance. IBM has been investing heavily in cloud services for years, and the Apptio acquisition is a sign that the company is serious about becoming a major player in the cloud market. The Apptio acquisition would give IBM access to Apptio’s cloud-based business software, which helps companies manage their technology budgets. In addition, the acquisition would allow IBM to offer its customers a more comprehensive suite of cloud services, including Apptio’s software, which could help IBM to better compete with the likes of Amazon Web Services and Microsoft Azure.
IBM’s acquisition of Apptio is a clear indication that the company is serious about making a big splash in the cloud services market. With Apptio’s expertise in cloud cost management, IBM is poised to become a major player in the cloud services space with the ability to provide customers with the best in cloud technology and cost savings. This move will undoubtedly have a major impact on the industry, and it will be interesting to see how IBM’s new cloud capabilities will shape the future of the cloud services market.