IBM has completed its acquisition of Apptio Inc. after receiving all required regulatory approvals. The acquisition gives clients additional value through the powerful combination of the two companies.
Technology is a competitive differentiator for today’s enterprises. Organizations are accelerating their IT investments, spreading workloads and applications across public and private clouds, using multiple service providers. As a result, their expenses are increasing, and they need simplified, integrated, and automated solutions to optimize their IT spend, improve operations, and drive greater financial returns.
Today’s close brings together Apptio’s FinOps offerings, including ApptioOne, Cloudability and Targetprocess, and IBM’s automation portfolio of Turbonomic, AIOps and Instana to give clients a “virtual command center” for managing, optimizing and automating technology spending decisions.
With AI and foundation models top of mind for clients and partners, IBM will augment its watsonx AI and data platform with Apptio’s $450 billion in anonymized IT spend data, unlocking innovation, insight and value.
“The combination of Apptio products and IBM’s IT automation portfolio will give businesses a 360-degree technology management platform they can use to optimize and automate decisions across their IT landscapes,” said Rob Thomas, SVP and chief commercial officer at IBM. “We are bringing together market-leading and best-in-class solutions to continue to reshape IT from a cost center to a true competitive advantage, powered by automation and AI.”
Starting immediately, clients can leverage the early integration between Apptio and IBM through their Cloudability and Turbonomic offerings. This is an important first step as IBM looks to drive significant synergy across key growth areas, including automation, Red Hat, IBM Consulting, and IBM’s broader AI portfolio.
Cloudability gives organizations the data, insights and recommendations needed to understand and eliminate waste from their cloud spend, while Turbonomic generates trustworthy optimization decisions that can be automated to unlock cloud elasticity, getting rid of overprovisioning to protect performance.
Together, these products can give clients coverage for the “Inform,” “Optimize” and “Operate” stages of the FinOps Framework, providing what they need to control cloud spend without slowing innovation or negatively impacting operational performance.
Cloudability can ingest Turbonomic executed and proposed actions to provide a shared, single view across services that helps stakeholders understand the impact that has been, and can be, achieved by bringing these two IT automation offerings together.
Clients already are seeing the benefits of these solutions. With Cloudability, organizations can reduce cloud costs by 30 percent or more while allocating 100 percent of cloud program costs and increasing reservation coverage to more than 90 percent. With Turbonomic, they can improve cloud investments by 33 percent and get 30 percent of engineering time back.4
Visit www.ibm.com for more information.