IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.
A deal between the companies could be completed over the weekend, the Journal reported, adding that it was unclear whether the purchase price includes debt.
IBM declined to comment on the report. Apptio did not immediately respond to Reuters request for comment.
Apptio, taken private by Vista Equity Partners in 2018 for $1.94 billion, provides products including cloud-based and hybrid business management software, a possible asset for technology giant IBM.
The deal follows IBM’s 2021 purchase of software provider Turbonomic for over $1.5 billion and its 2019 acquisition of software company Red Hat for $34 billion.
Source : Reuters
In countries where electricity outages and “load shedding” are a regular feature of life and…
Today’s blog is a background note I prepared for a forthcoming Policy Research Report on…
At the time when the Government of South Africa approached the World Bank’s Disaster Risk Financing…
US asset manager Nuveen indicates investors are looking for diversification outside of developed markets. Middle…
China’s place within international trade networks and global supply chains makes the propagation of Chinese…
Forecasts on the economic impacts of artificial intelligence diverge sharply. This column assesses how the…