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IBM said on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation. The acquisition of Apptio, a software-as-a-service business with over 1,500 customers and partnerships with cloud companies from Amazon.com's AWS to Salesforce, will benefit IBM's Red Hat business, AI portfolio and its consulting business, the technology giant said. "Going forward, we are opportunistic (on M&A) and looking for opportunities in the software and consulting space," Senior Vice President Rob Thomas told Reuters in an interview...

(Reuters) -IBM said on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation. The acquisition of Apptio, a software-as-a-service business with over 1,500 customers and partnerships with cloud companies from Amazon.com's AWS to Salesforce, will benefit IBM's Red Hat business, AI portfolio and its consulting business, the technology giant said. "Going forward, we are opportunistic (on M&A) and looking for opportunities in the software and consulting space," Senior Vice President Rob Thomas told Reuters in an interview...

IBM (NYSE: IBM) today announced that it has entered into a definitive agreement with Vista Equity Partners to purchase Apptio Inc., a leader in financial and operational IT management and optimization (FinOps) software, for $4.6 billion. The acquisition of Apptio will accelerate the advancement of IBM's IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments...

IBM is using artificial intelligence to automate HR processes, saving thousands of hours in the last 18 months...

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Stock lower, oil on the rise as Russia crisis rattles markets; Week Ahead: Fed inflation gauge, Powell speeches in focus; IMB slips on reports of $5 billion Appito software deal; Tesla extends slide after Goldman Sachs downgrade and Carnival earnings on deck amid ongoing travel surge...

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