Tech giant IBM has finalized a deal for the software provider Apptio for $4.6 billion from Vista Equity Partners, giving the tech company greater automation capabilities.

IBM said on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and ...

Apptio's mission is to deliver business value with every technology investment and team. Powered by Apptio’s cloud platform, Apptio’s SaaS applications translate technology spend into clear ...

The parties are discussing a price in the range of $4.5 billion to $5 billion, said one of the people, who asked not to be identified discussing a private matter. Apptio is currently owned by ...

Apptio was founded in 2007 and has raised about $136 million. Its list of investors also hint at an upcoming IPO, backers known for investing largely in public companies.

The Apptio acquisition will help IBM compete with rival cloud services providers such as AWS, Google Cloud, Microsoft and Oracle, which offer their own expense tracking tools.