The event also featured keynote speakers from key sponsors discussing a range of topics from hybrid work to cyber security and transformation. More than 700 delegates came together at the Winx Stand Australian Turf Club at Royal Randwick in Sydney to take part in the Ingram Micro Experience Roadshow. Slideshows Ingram Micro Experience Roadshow hits Sydney 'Our customers are evolving to a complex digital-first, hybrid world where technology investments are distributed and decentralised but all innovation must be aligned with clear business outcomes,' added Sunny Gupta, Apptio co-founder and CEO. If the deal is granted regulatory approvals and meets other closing conditions, the acquisition is expected to close by the end of 2023.

IBM added that the acquisition follows its focus and investment in hybrid cloud and AI and is predicted to create “significant” synergies across a number of key growth areas, including automation, Red Hat, IBM's broader AI portfolio and IBM Consulting, as well as strengthening partnerships with other systems integrators such as Accenture, KPMG, Deloitte and EY.

IBM also said that it plans to combine watsonx with Apptio’s anonymised finops data, while Apptio is expected to make use of IBM’s scale and reach.Īdditionally, IBM also said combining Apptio with Big Blue’s performance optimisation and observability capabilities through its IT automation software, such as Turbonomic, Instana and AIOps, will create for its clients a “360-degree technology business management platform, providing a 'virtual command centre' for spend management and optimisation stretching across their entire technology landscape”. 'Apptio's offerings combined with IBM's IT automation software and watsonx AI platform, gives clients the most comprehensive approach to optimise and manage all of their technology investments.'

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