IBM is doling out $4.6 billion to buy Apptio.

Claudia Adrien

July 1, 2023

7 Slides

Channel People Making Waves pinpoints the movers and shakers within channel companies, and this week is no exception with individuals at Proofpoint, Logitech, New Relic, IBM and more standing out. These people are featured (see slideshow above) in our most-read stories of the week.

IBM is doling out the cash — $4.6 billion to be exact. The company is acquiring IT automation software provider Apptio from private equity firm Vista Equity Partners. Apptio is considered a leading technology business management (TBM) and FinOps provider with more than 1,500 clients. One-half of those serve Fortune 100 companies. Hear from Appito’s co-founder and CEO about his plans.

New Relic isn’t immune from the wave of layoffs that have happened in recent months within the tech industry. The company’s most recent employee reduction has impacted those in channel-related positions, too. This week’s layoffs impact 200 employees globally.

Finally, Progress Software is facing a class-action lawsuit due to cyberattacks that resulted from a software vulnerability. Learn how Russia-based Clop ransomware gang is believed to have carried out the attack.

And that’s it for this week. Join us next time for the roundup. If you didn’t catch the last edition, you can find it here.

Want to contact the author directly about this story? Have ideas for a follow-up article? Email Claudia Adrien or connect with her on LinkedIn.

 

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About the Author(s)

Claudia Adrien

Claudia Adrien is a reporter for Channel Futures where she covers breaking news. Prior to Informa, she wrote about biosecurity and infectious disease for a national publication. She holds a degree in journalism from the University of Florida and resides in Tampa.

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