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M&A Deal Summary

Apptio Acquires Cloudwiry

On December 22, 2022, Apptio acquired internet software and services company Cloudwiry

Acquisition Highlights
  • This is Apptio’s 3rd transaction in the Internet Software and Services sector.
  • This is Apptio’s 7th transaction in the United States.
  • This is Apptio’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-12-22
Target Cloudwiry
Sector Internet Software and Services
Buyer(s) Apptio
Deal Type Add-on Acquisition

Target

Cloudwiry

Austin, Texas, United States
Cloudwiry is a cloud cost management and optimization company that delivers autonomous cloud spend optimization. The solution advises, customizes, and automates multi-cloud FinOps best practices, providing coverage across FinOps reporting, categorization, and financial automation. Cloudwiry was founded in 2015 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Apptio

Bellevue, Washington, United States
Category Company
Founded 2007
Sector Software
Employees745
Revenue 189M USD (2017)
DESCRIPTION

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.

DEAL STATS #
Overall 7 of 7
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 7
State: Texas M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Targetprocess

Amherst, New York, United States

Targetprocess, Inc. empowers organizations to plan, track, and prioritize work from the strategic portfolio of projects and products to the software delivery team. Targetprocess, Inc. was founded in 2004 and is based in Amherst, New York.

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