Vista Reaches Deal to Buy Software Firm Apptio for $1.94 Billion

Apptio shareholders will get $38 a share

Laura Cooper and

Jay Greene

Updated Nov. 11, 2018 11:41 p.m. ET

Tech-focused private-equity firm Vista Equity Partners struck a deal to take software company Apptio Inc. private for $1.94 billion.

Under the agreement, Apptio shareholders will get $38 a share, representing a 53% premium to Friday’s closing price of $24.85. The Wall Street Journal reported earlier Sunday that a deal was imminent.

The purchase...