IBM to buy Apptio for $4.6B to help companies optimize IT spend
IBM is acquiring software provider Apptio for $4.6 billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. Apptio specializes in what has been called technology business management (TBM), or more recently, financial operations (also known as finops) software, designed to allow diverse teams in a business…