Case Study: Stanley Black & Decker achieves faster, more accurate M&A divestiture cost estimates with Apptio TBM

Stanley Black & Decker cuts IT transaction costs by 60% with Apptio

Stanley Black & Decker, a major tools and engineered fastening systems company, faced the challenge of rapidly providing a precise estimate of IT costs for its Stanley Security business unit, which was being divested in a $3.2 billion sale. The aggressive timeline and complexity of their IT ecosystem made this a significant undertaking. To address this, the company turned to its internal Technology Business Management (TBM) discipline, which was established using Apptio's TBM framework.

Leveraging Apptio's TBM tools and methodologies, Stanley Black & Decker's internal TBM team delivered the initial cost estimate in less than two days. This represented an 85% faster turnaround time compared to previous manual processes and led to a 60% reduction in transaction-related costs, translating to a multimillion-dollar improvement in the deal's financial accuracy. Apptio's solution provided a repeatable, automated process that built stakeholder confidence and enabled the company to support its robust M&A&D strategy effectively.

Stanley Black & Decker