Vista Equity to buy Apptio for about $1.94 bln

Vista Equity Partners has agreed to buy Apptio Inc in a deal valued at about $1.94 billion, or $38 a share. The deal includes a 30-day go-shop where Apptio can initiate, solicit, encourage, and potentially enter negotiations with parties that make an alternative offer. Apptio, of Bellevue, Washington, provides business management software. Qatalyst Partners served as financial adviser to Apptio, while Wilson Sonsini Goodrich & Rosati was legal adviser to Apptio. Vista's legal adviser is Kirkland & Ellis LLP.

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