Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
NRW Holdings Shares Surge After Securing Major Rio Tinto Contract and New Project Wins 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
IBM (International Business Machines Corporation) announced its acquisition of Washington-based tech business management software developer Apptio Inc. in a strategic move to boost its artificial intelligence (AI) and information technology (IT) automation capabilities. The $4.6 billion deal with Vista Equity Partners is set to enhance IBM's technology investments, promising improved business value to its clientele.
IBM bought Apptio from Vista Equity, a large American private equity firm. It said that the acquisition move is actually a continuation of its investment plans in artificial intelligence (AI) and information technology (IT) automation software.
The company signed a definitive agreement with Vista Equity Partners to buy Apptio. This deal will scale up IBM's advancement in IT automation while also allowing enterprise leaders to convey or render up improved business value across technology investments, as per CNBC.
Apptio is currently serving over 1,500 customers, including major tech firms in the United States, such as Google, Amazon, and Microsoft. In any case, IBM is acquiring Apptio with full cash payment, and the deal is expected to close within the second half of this year.
"Technology is changing business at a rate and pace we've never seen before. To capitalize on these changes, it is essential to optimize investments which drive better business value, and Apptio does just that," IBM's chairman and chief executive officer, Arvind Krishna, said in a press release. "Apptio's offerings combined with IBM's IT automation software and watsonx AI platform, gives clients the most comprehensive approach to optimize and manage all of their technology investments."
Apptio's co-founder and CEO, Sunny Gupta, further commented, "Our customers are evolving to a complex digital-first, hybrid world where technology investments are distributed and decentralized but all innovation must be aligned with clear business outcomes and we are so excited to be joining IBM."
Photo by: IBM Press Release
