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Apptio Extends IBM Partnership to Enhance Cloud Financial Management Solutions

Announcement Highlights:

* Apptio expands its strategic partnership with IBM to enhance cloud financial management solutions. * The collaboration will allow the integration of Apptio's Cloudability platform with IBM's Cloud Pak for Multicloud Management. * This integration will provide customers with comprehensive visibility, optimization, and governance over their cloud spending.

Deepening the Partnership

Apptio, a leading provider of cloud financial management solutions, has extended its partnership with IBM to further enhance its cloud offerings. By integrating Apptio's Cloudability platform with IBM's Cloud Pak for Multicloud Management, customers will gain access to a unified platform for managing and optimizing their cloud spending across multiple providers, including Microsoft Azure, AWS, and Google Cloud.

The integration will enable customers to gain granular visibility into their cloud usage and costs, allowing them to identify areas for optimization. The platform will also provide tools for forecasting and planning cloud spending, as well as for optimizing resource allocation and identifying cost-saving opportunities.

Benefits for Customers

The partnership between Apptio and IBM will provide several key benefits for customers, including:

Unified Visibility: Customers will gain a comprehensive view of their cloud usage and costs across all major cloud providers, providing a single source of truth for cloud management.

Optimization: The platform will provide recommendations and tools for optimizing cloud resource utilization, reducing waste and improving cost efficiency.

Governance: Customers will be able to establish and enforce cloud governance policies, ensuring compliance and reducing the risk of overspending.

Industry Impact

The collaboration between Apptio and IBM is significant in the rapidly growing cloud computing market. As organizations increasingly adopt cloud services, the need for effective cloud financial management is becoming increasingly important. By providing a comprehensive and integrated solution, Apptio and IBM are empowering customers to gain control over their cloud spending and optimize their cloud investments.

The integration of Apptio's Cloudability platform with IBM's Cloud Pak for Multicloud Management is expected to be available in early 2023.