Apptio, Inc., a Bellevue, Wash.-based provider of technology business management (TBM) solutions that help organizations analyze, optimize, and plan technology spend, completed the acquisition of Targetprocess, an Agile portfolio and work management solution provider.
The amount of the deal was not disclosed.
The acquisition builds on Apptio’s platform and reinforces its position as a provider of solutions that offer a holistic view of technology investments across on-premise, cloud, and development resources. It will allow customers to make smarter decisions about their technology investments and optimize the delivery of those investments.
With the acquisition, the planned integration of Apptio and Targetprocess will enable organizations to align their portfolio, product management, and software delivery teams with a single source of truth. The rebranded Apptio Targetprocess will deliver insights on a common platform, enabling customers to accelerate their Agile transformations, manage demand and resource capacity to reduce costs, and track business value of investments through the enterprise.
Founded in 2004, Targetprocess empowers organizations to plan, track, and prioritize work from the strategic portfolio of projects and products to the software delivery team.
This marks Apptio’s fourth acquisition since going private with Vista Equity Partners in 2019.