Apptio is IBM's fourth largest acquisition to date. Expect consolidation to continue as more enterprises look to become one-stop shops for cloud computing and more workloads transition to the cloud.
IBM’s $4.6B acquisition of Apptio — which offers cloud cost optimization solutions — is the company’s sixth acquisition this year and its fourth largest M&A deal ever.
The cloud cost optimization market has seen 7 acquisitions since the beginning of 2020 as consolidation gathered pace. We use CB Insights data to analyze the M&A trends in space and how Apptio’s deal compares to others by looking at:
- Cloud cost optimization funding
- Apptio’s valuation & acquisitions
- Revenue multiples
Cloud cost optimization funding
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