IBM bets $4.6 billion that cloud bills and IT sprawl will be enduring problems
IBM has announced it will acquire Apptio for $4.6 billion and use it to build “a 'virtual command center' for spend management and optimization" of enterprise IT.
Apptio plays in the field of FinOps – a term that describes financial management of IT operations. FinOps has come into vogue because cloud computing, for all its myriad advantages, makes it harder to control spending on business tech and to retain visibility of assets. IBM CEO and chair Arvind Krishna touted Apptio as enabling Big Blue to help customers"optimize investments which drive better business value." He added that Apptio's wares will be put to work alongside IBM's existing automation software to provide"spend management and optimization stretching across their entire technology landscape."
Krishna is also keen on Apptio's $450 billion of anonymized IT spend data, which he reckons will unlock"new insights for clients and partners." The acquisition is plainly a bet on cloud costs and visibility of IT estates that sprawl across hybrid multiclouds representing long-term problems.
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