:IBM said on Monday it will acquire cloud software company Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation.
Share of IBM were down less than 1 per cent in premarket trading. IBM said it will finance the deal with cash on hand and expects the transaction to close in the latter half of 2023. Founded in 2007, Seattle-based Apptio helps companies manage and understand their spending on cloud services and offers functionalities such as IT budgeting, forecasting and financial analyses.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moscow security measures still in place after Wagner mutinyA day off work introduced to curb movement around the city on Monday would remain in place for security reasons, say Moscow authorities.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hydrocarbons will be important part of future ASEAN energy mixKUALA LUMPUR: Hydrocarbons will continue to be an important part of the energy mix in Southeast Asia, Malaysian Prime Minister Anwar Ibrahim said on Monday (Jun 26), as affordability and energy secu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hydrocarbons will be important part of future ASEAN energy mixKUALA LUMPUR: Hydrocarbons will continue to be an important part of the energy mix in Southeast Asia, Malaysian Prime Minister Anwar Ibrahim said on Monday (Jun 26), as affordability and energy secu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Russian defence minister makes first appearance on TV since Wagner crisisMOSCOW — Russian state television on Monday (June 26) broadcast footage of Defence Minister Sergei Shoigu inspecting Russian troops, in his first public appearance since a failed mutiny by Wagner forces.
Source: TODAYonline - 🏆 1. / 99 Read more »
Russia seeks calm after aborted mutiny, West sees cracks in Putin's powerRussia sought to restore calm on Monday (Jun 26) after an aborted mutiny by Wagner Group mercenaries over the weekend, while Western allies assessed how President Vladimir Putin might reasse
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Barcelona confirm Gundogan signing from Man CityBARCELONA — Ilkay Gundogan has signed for Barcelona on a free transfer at the end of his Manchester City contract, the Catalan club said Monday (June 26)
Source: TODAYonline - 🏆 1. / 99 Read more »