International Business Machines Corp. is in talks to buy software company Apptio as part of a deeper push into automation technology, according to people with knowledge of the matter.
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 private equity firm Vista Equity Partners.
A spokesperson for Vista declined to comment. Representatives for IBM didn’t have an immediate comment. The two sides are in advanced talks and an agreement could be reached over the weekend, the Wall Street Journal reported earlier.
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