According to the Wall Street Journal, IBM is about to acquire software company Apptio from private equity firm Vista Equity Partners for $5 billion.
In January 2019, Vista Equity Partners announced the privatization of Apptio at a cash price of US$38 per share, or approximately US$1.94 billion. The acquisition price announced by IBM this time is between US$4.5 billion and US$5 billion, which is more than twice the price five years ago.
Note: Founded in 2007, Apptio sells online services that help manage information technology budgets, forecasts, and analyses. The company says on its website that its products are used by a majority of the Fortune 100.
A deal between the two companies could close over the weekend, The Wall Street Journal reported, adding that it was unclear whether the purchase price included debt.
