Apptio Inc., a provider of technology business management (TBM) applications, has purchased Cloudwiry, a multi-cloud savings automation and financial operations company.

Founded in 2016, Cloudwiry automates commitment management and optimization for enterprise customers, looking to maximize savings, reduce risk and increase flexibility. Based in Austin, Texas, the company aims to help companies manage reserved instances and plans through its Cloudwiry Savings Autopilot tool. Together, Cloudwiry and Apptio will work to help global customers drive financial and operational processes in cloud and hybrid environments. Cloudwiry will no longer operate as an independent company and will be integrated into Apptio.

 “By pairing Apptio’s market-leading Cloudability with Cloudwiry, we are able to provide customers with unparalleled visibility, insights, planning, optimization, and automation capabilities for reservations and savings plans, helping customers deploy the most efficient cloud infrastructure footprint to fuel innovation and meet business demands,” comments Sunny Gupta, Apptio CEO.