Tech giant IBM made a significant acquisition that doubles down on the hybrid notion by spending $4.6 billion in cash to acquire Apptio, which has developed a platform to manage how and where data sits in hybrid environments and how it is used, particularly how that adds up in terms of financial and resource expenses.
IBM while disclosing the acquisition said that the plan will be to have Apptio sit alongside IBM’s existing IT automation software and its AI platform.
