{"id":27069,"date":"2023-06-24T19:01:59","date_gmt":"2023-06-24T23:01:59","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/ibm-nears-5-billion-deal-for-software-provider-apptio-wsj\/"},"modified":"2023-06-24T19:02:00","modified_gmt":"2023-06-24T23:02:00","slug":"ibm-nears-5-billion-deal-for-software-provider-apptio-wsj","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=27069","title":{"rendered":"IBM nears $5 billion deal for software provider Apptio – WSJ"},"content":{"rendered":"
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\u00a9 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>
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(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>\n

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.<\/p>\n

IBM <\/span><\/span> (NYSE:) declined to comment on the report. Apptio did not immediately respond to Reuters request for comment.<\/p>\n

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. <\/p>\n

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>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 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 (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 […]<\/p>\n","protected":false},"author":1,"featured_media":3517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-27069","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nIBM nears $5 billion deal for software provider Apptio - WSJ | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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