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PE-backed Apptio closes acquisition of Cloudability

Vista Equity Partners LLC-backed Apptio Inc. closed the acquisition of Cloudability Inc., a cloud cost management software solutions provider.

The acquisition will offer customers of both companies access to an integrated solution, according to a May 31 release.

Apptio provides cloud-based solutions for technology business management.

KeyBanc Capital Markets Inc. acted as exclusive financial adviser and Davis Wright Tremaine LLP acted as legal adviser to Cloudability. Kirkland & Ellis LLP acted as legal adviser to Apptio.