Acquisition will help Apptio accelerate growth, says CEO. : Technology business management software company Apptio is to be acquired by private equity firm Vista Equity Partners for $1.94 billion. Apptio's tools help CIOs and other executives to track and measure the effectiveness of their technology investment strategies, for example helping them to understand the cost and utilisation of their hybrid cloud infrastructure. The company said that going private will give it more flexibility to grow faster. Apptio shareholders will receive $38 in cash per share, representing a 53 percent premium to the closing price on 9 November.