M&A Deal Summary

IBM Acquires Apptio

On June 26, 2023, IBM acquired software company Apptio from Vista Equity Partners for 4.6B USD

Acquisition Highlights
  • This is IBM’s 106th transaction in the Software sector.
  • This is IBM’s 4th largest (disclosed) transaction.
  • This is IBM’s 137th transaction in the United States.
  • This is IBM’s 3rd transaction in Washington.

M&A Deal Summary

Date 2023-06-26
Target Apptio
Sector Software
Buyer(s) IBM
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition
Deal Value 4.6B USD

Target

Apptio

Bellevue, Washington, United States
website
Apptio is a business management system for hybrid IT. Apptio transforms the way IT runs its business and makes decisions. With its cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. Apptio was formed in 2007 and is headquartered in Bellevue, Washington.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States

website


Category Company
Founded 1911
Sector Information Technology
Employees282,100
Revenue 60.5B USD (2022)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


DEAL STATS #
Overall 193 of 196
Sector (Software) 106 of 108
Type (Add-on Acquisition) 172 of 173
State (Washington) 3 of 3
Country (United States) 137 of 140
Year (2023) 3 of 5
Size (of disclosed) 4 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 Polar Security

Tel-Aviv, Israel

Polar Security helps companies discover, continuously monitor and secure cloud and software-as-a-service (SaaS) application data – and addresses the growing shadow data problem. Polar Security was formed in 2021 and is based in Tel-Aviv, Israel.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 The Weather Company - Digital Assets

Atlanta, Georgia, United States

The Weather Company's digital consumer-facing offerings, The Weather Channel mobile and cloud-based digital properties including Weather.com, Weather Underground and Storm Radar, as well as its enterprise offerings for broadcast, media, aviation, advertising technology and data solutions for other emerging industries.

Sell -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 69 of 70
Sector (Software) 28 of 28
Type (Add-on Acquisition) 34 of 35
State (Washington) 1 of 1
Country (United States) 64 of 65
Year (2023) 3 of 3
Size (of disclosed) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Resilinc

Milpitas, California, United States

Resilinc is a supply chain mapping, disruption sensing, and resiliency analytics company. The company's early-warning alert system monitors and predicts potential disruptions across suppliers, sites, and materials; platform enables them to collaborate closely with their suppliers and historical data-backed insights give them options on appropriate actions to take. Resilinc is based in Milpitas, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 TRG Screen

New York, New York, United States

TRG Screen is a provider of software used to monitor and manage subscription spend and usage across the entire enterprise. TRG Screen’s clients realize immediate ROI and significant long-term cost savings, transparency into their purchased subscriptions, improvements of their workflows and a higher degree of compliance with their vendor contracts. TRG Screen was founded in 1998 and is based in New York City.

Buy -