In a groundbreaking move, IBM has officially acquired Apptio Inc., revolutionizing the landscape of hybrid multi-cloud management. This $4.6 billion cash deal reinforces IBM’s commitment to meeting the evolving needs of enterprises but also propels Apptio to new heights as a pioneering leader in financial and operational IT management. This acquisition of Apptio highlights the remarkable capabilities of its flagship product, Apptio Cloudability, winner-solution for the Cloud Management Solution of the Year category at The Cloud Awards 2022-2023. Additionally, IBM’s Cloud Bare Metal Servers solution earned the prestigious title of the Best Cloud Infrastructure category winner, adding another layer of accomplishment to this remarkable partnership.

A Game-Changing Achievement for Apptio

Apptio’s acquisition by IBM marks a milestone in its journey to becoming a dominant force in the technology management realm. With over 1,500 clients, including more than half of the Fortune 100, Apptio has already established itself as a key player in the market. However, joining forces with IBM amplifies Apptio’s reach, resources, and potential to drive innovation on a global scale. This acquisition not only validates Apptio’s industry-leading solutions but also positions the company for unparalleled growth and success.

Apptio Cloudability: Winner Solution at The Cloud Awards

At the heart of Apptio’s comprehensive product portfolio lies Apptio Cloudability, a cutting-edge solution designed to revolutionize cloud spend management and optimization. Apptio Cloudability empowers organizations to gain real-time visibility into their public cloud deployments, connecting multi-cloud and SaaS infrastructure with cloud financial management best practices. By leveraging its powerful analytics and cost optimization features, Apptio Cloudability allows businesses to maximize the value of their cloud strategies while maintaining cost-efficiency.

These exceptional capabilities of Apptio Cloudability have not gone unnoticed. The product has been recognized as the winner for The Cloud Awards 2022-2023 in the Cloud Management Solution of the Year category , an esteemed recognition that highlights Apptio’s commitment to excellence and innovation.

Head of Technical and lead judge at The Cloud Awards, Annabelle Whittall, said:

Annabelle WhittallThe Cloud Awards Judges were most impressed to see that Apptio Cloudability eliminates the need for manual cost management. Cloudability ingests cloud bill data and intelligently organizes it, automatically tagging costs by business unit, product, or application for simplified allocation. It produces easy-to-use dashboards that can be shared and monitored across the business. We loved to see Cloudability Leveraging machine learning to make automated recommendations which mitigate waste. Well done, Cloudability!

This accolade underscores the significant impact Apptio Cloudability has made in transforming how enterprises manage and optimize their cloud expenditures. As a key component of IBM’s cloud management suite, Apptio Cloudability is set to deliver unprecedented value to organizations across various industries.

IBM Cloud Bare Metal Servers for PVC: Winner of the Best Cloud Infrastructure at The Cloud Awards

IBM’s Cloud Bare Metal Servers solution emerged victorious in the highly competitive Best Cloud Infrastructure category. This achievement reaffirms IBM’s commitment to delivering cutting-edge cloud infrastructure solutions that meet the evolving needs of businesses. Cloud Bare Metal Servers provide unparalleled performance, scalability, and security, offering a robust foundation for businesses to build and deploy their mission-critical applications and workloads.

Head of Technical and lead judge at The Cloud Awards, Annabelle Whittall, said:

Annabelle WhittallWe were impressed to see something different in Bare Metal Servers for VPC. We liked to see how, unlike with traditional SaaS offerings, Bare Metal Servers for VPC is tightly bound to the underlying hardware it is delivered on, and IBM has strong, established processes that offer the latest solutions from all hardware partners. Over 8 months since the initial release Bare Metal Servers for VPC have introduced 8 new hardware configurations, support for 5 major operating systems, and have operationalized 1000 servers across the 8 global data centers! Remarkable and a well-deserved win. Congratulations from everyone at The Cloud Awards.

The strategic alliance between Apptio and IBM brings together their collective expertise and industry-leading solutions, enabling organizations to harness the power of cloud technology to drive business value and innovation. By combining Apptio’s comprehensive financial and operational IT management capabilities with IBM’s robust automation software and watsonx AI platform, clients can unlock new levels of efficiency, cost optimization, and strategic decision-making.

Arvind Krishna, CEO and chairman at IBM, said:

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.

Sunny Gupta, Apptio co-founder and CEO, said:

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. We are so excited to be joining IBM and combining our industry-leading offerings with IBM’s global presence and strong portfolio across AIOps, automation and hybrid cloud offerings.

The acquisition of Apptio by IBM represents a game-changing moment for both companies and the hybrid multi-cloud management landscape. This partnership empowers Apptio to unlock its true potential and drive revolutionary growth in the industry. With its flagship product, Apptio Cloudability, at the forefront, organizations can harness the power of advanced cloud spend management and optimization. As Apptio and IBM embark on this remarkable journey together, the possibilities for innovation, cost savings, and enhanced business outcomes are boundless.

Enter The Cloud Awards 2023-2024

For organizations seeking to achieve excellence in cloud computing, The Cloud Awards 2023-2024 is an unparalleled opportunity to showcase their achievements. As the industry’s most prestigious recognition program, The Cloud Awards honors the most innovative and impactful cloud solutions across the globe.

Whether your organization has leveraged hybrid, multicloud, or any other groundbreaking cloud technology, now is the time to demonstrate your success.

Submit your entry to The Cloud Awards 2023-2024 and gain the recognition your organization deserves.