As organizations continue down Digital Transformation Road (in a manner of speaking, that is; I’d be shocked if that’s an actual roadway somewhere), they’re transforming in a pretty-much-faster-than-ever type of way, causing IT environments to expand at rates they essentially haven’t before. Public and private cloud infrastructures are expanding, and service providers are somewhere between on top of their game and scrambling.
To better manage this dramatic increase in IT complexities (especially in our newfound AI-everything age, for example), clients find themselves rapidly turning to top solutions providers that simplify technologies and offer greater visibility into spend across hybrid and multi-cloud environments. Because even when the cloud feels infinite, at times, it’s important to remember that resources and labor are no less valuable.
What is one financial and operational IT management solutions provider that helps businesses with the optimization of this journey?
“Take the next step in your FinOps adventure.” That’s the rallying call from Apptio. The cloud-based platform that Apptio leverages provides actionable financial and operational insights that empower digital leaders to make better data-driven decisions, realize value, and legitimately transform. Less digital-age fluff, more serious results.
And what is a big name that’s taken notice of Apptio’s M.O.?
That’s why IBM (News - Alert) recently announced that it entered a definitive agreement – with Vista Equity Partners – to purchase Apptio for $4.6 billion. So Apptio, now linked with IBM’s IT automation software (as well as its signature watsonx AI), will help businesses worldwide and robustly optimize their enterprise IT spend to “derive tangible financial value and reachable operational improvements.”
This is a smart move on IBM’s part, given Apptio already has more than 1,500 clients in total, reportedly serving more than half of the Fortune 100. Apptio has also partnered and integrates with the likes of AWS, Microsoft (News - Alert) Azure, Google Cloud Platform, Oracle, Salesforce and ServiceNow, which tie well to IBM’s commitments to maintaining an open partner ecosystem.
“We are committed to building resilient enterprise software companies. The values that power our investment philosophy enable us to identify and partner with companies – ones spanning global markets – that show real potential for long-term success,” said Vista Equity Partners’ Founder and Chairman Robert F. Smith. “This is the case with how Apptio has transformed leading organizations, and we’re proud of their accomplishments. We look forward to seeing Apptio further evolve with IBM.”
On top of all this, according to Sunny Gupta, Apptio co-founder and CEO, “Apptio and the performance optimization and observability capabilities of IBM's IT automation software like Turbonomic, Instana and AIOps, will give clients a 360-degree technology business management platform. This will provide a ‘virtual command center’ for their spend management and optimization, stretching across entire technology landscapes. And, in turn, Apptio will bring to IBM $450 billion of anonymized IT spend data, which will unlock new insights for clients and partners in the near future.”
Edited by Greg Tavarez