IBM nears $5 billion deal for software provider Apptio

<p> <br />
</p>
<div>
<div>
<img decoding="async" alt="IBM nears $5 billion deal for software provider Apptio – WSJ" id="carouselImage" src="https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ5M0R4_L.jpg" style="visibility:hidden" /><br />
<span>© Reuters. FILE PHOTO: The International Business Machines Corporation (IBM) logo is displayed, during the GSMA’s 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce</span><br />
<i class="imgGrad"/>
</div>
<p>(Reuters) -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. </p>
<p>A deal between the companies could be finalised over the weekend, the Journal reported, adding that it is unclear whether the purchase price includes debt.</p>
<p><span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> IBM </span></span> (NYSE:) and Apptio did not immediately respond to Reuters’ requests for comments. </p>
<p>Apptio, which was 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. </p>
<p>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. </p>
</div>
<p><br />
<br /><a href="https://www.investing.com/news/stock-market-news/ibm-nears-5-billion-deal-for-software-provider-apptio–wsj-3112356">Source link </a></p><p>The post <a href="https://forextraderhub.com/ibm-nears-5-billion-deal-for-software-provider-apptio.html">IBM nears $5 billion deal for software provider Apptio</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>