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Apptio offers cloud-based and hybrid business management software.
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IBM's previous purchases, including Turbonomic and Red Hat, highlight its commitment to expanding software solutions.
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The deal between IBM and Apptio is expected to be finalized soon, potentially over the upcoming weekend.
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IBM aims to strengthen its position as a leading technology giant through this acquisition.
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Apptio's expertise in cloud-based software aligns with IBM's strategy to meet the growing demand for innovative business solutions.
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The purchase of Apptio would further diversify IBM's software portfolio.
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IBM's strategic acquisitions showcase its commitment to stay at the forefront of the evolving software landscape.
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Next steps