Business Management Applications, Cloud Financial Management, Investment Planning
Revenue
$300 million (2020)[2]
Number of employees
1,200 (2020)[2]
Parent
IBM (2023–present)
Vista Equity Partners (2019–2023)
Website
www.apptio.com
Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management (TBM) software as a service (SaaS) applications.[3][4][5] Apptio enterprise apps are designed to assess and communicate the cost of IT services for planning, budgeting and forecasting purposes;[6] Apptio's services offer tools for CIOs to manage technology departments' storage, applications, energy usage, cybersecurity, and reporting obligations;[7] manage the costs of public cloud, migration to public cloud and SaaS portfolios; and adopt and scale Agile across the enterprise.
In 2009, the company was the first investment for Silicon Valley venture capital firm Andreessen Horowitz.[8] The company has approximately 550 customers[9] of various sizes.[10][11] The company went public in September 2016.[12]
On November 11, 2018, it was announced that Apptio would be acquired by the private equity firm Vista Equity Partners for $1.9 billion.[13] That same year, Apptio acquired Digital Fuel, a cloud computing expenditure company, for $42.5 million.[14]
In June 2023, IBM agreed to acquire Apptio from Vista for $4.6 billion.[15] The acquisition was completed on August 10, 2023.[16]
^"Leadership". Apptio. Retrieved May 10, 2023.
^ abTony Lystra (January 26, 2021). "How Sunny Gupta led Apptio to a record-breaking end to 2020". Puget Sound Business Journal. Retrieved June 23, 2022.
^Ovide, Shira (18 November 2013). "IPO Candidate Apptio Adds 3 Public-Company Veterans". WSJ Digits. Retrieved 20 March 2014.
^King, Rachel (15 May 2013). "TBM startup Apptio raises $45M; plans to expand global footprint". ZDNet. Retrieved 20 March 2014.
^Grant, Rebecca (15 May 2013). "Andreessen Horowitz's first investment Apptio closes $45M fifth round". VentureBeat. Retrieved 20 March 2014.
^Horton, Nick (July 2012). "100 Best Companies to Work For 2012: Large Companies". Seattle Business magazine. Retrieved 20 March 2014.
^Bond, Phillip J. (15 Nov 2014). "A new way to track government spending on technology". The Hill. Retrieved 7 Jan 2014.
^Ricketts, Camille (19 August 2009). "First Andreessen Horowitz investment, Apptio, raises $14M". Venture Beat. Retrieved 20 March 2014.
^"Apptio, Inc. Completes Acquisition of Digital Fuel From Skyview Capital". Apptio. Archived from the original on February 3, 2018. Retrieved March 12, 2018.
^Hesseldahl, Arik (15 May 2013). "Apptio Lands $45 Million Series E From Janus Capital". All Things D. Retrieved 20 March 2014.
^Dudley, Brier (6 November 2013). "Apptio founder Sunny Gupta on building the region's next big tech company". The Seattle Times. Archived from the original on 13 April 2014. Retrieved 20 March 2014.
^Cite error: The named reference seattletimes was invoked but never defined (see the help page).
^Krazit, Tom (2018-11-11). "Vista Equity Partners to pay $1.9 billion in private-equity deal for Apptio". GeekWire. Retrieved 2018-11-12.
^Tom Krazit (February 2, 2018). "Apptio acquires former VMware spinoff Digital Fuel for $42.5M". GeekWire. Retrieved April 30, 2022.
^Malik, Yuvraj (June 26, 2023). "IBM to buy software co Apptio for $4.6 bln to bolster cloud offerings". Reuters.
^Geraldo, Renata (2023-08-14). "Tech giant IBM finishes $4.6 billion acquisition of Bellevue firm". The Seattle Times. Retrieved 2023-08-14.
Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management (TBM) software as a service (SaaS) applications...
for CIOs sponsored by Apptio, which develops technology business management software as a service applications. In 2012, Apptio founded the TBM Council...
made its two first investments: one in business management SaaS developer Apptio and the other in Skype stock. According to Horowitz, the investment was...
restaurant software provider, and Market Track. In 2018, Vista acquired Apptio, a cloud-based business management software, Alegeus, and entered into an...
2016, Skyview Capital acquired Digital Fuel from VMware. In February 2018, Apptio, Inc. acquired Digital Fuel from Skyview Capital. VMware IT cost transparency...
Current Apptio Center for The Business of Government Consulting Promontory Kenexa International subsidiaries India Press Red Hat Research Former AdStar...
Data and APIs". Malik, Yuvraj (June 26, 2023). "IBM to buy software co Apptio for $4.6 bln to bolster cloud offerings". Reuters. Sawers, Paul (December...
real estate brokerage Redfin, business management as-a-service provider Apptio and Isilon Systems, a storage software provider which was later acquired...
27, 2018. "Tech Moves: Skytap CEO Thor Culverhouse hands reins to CTO; Apptio CMO Chris Pick retires". GeekWire. August 14, 2019. Retrieved December 15...
raised its largest fund ever, $690 million. Companies invested in include Apptio, Impinj, Redfin, The Riveter, Rover.com, and Smartsheet. "Madrona Venture...
several major employers, including Paccar, Eddie Bauer, Valve, Bungie, Apptio, SAP Concur, Symetra Financial and Puget Sound Energy. Although headquartered...
after a shaky start". Deseret Morning News. 2008-06-22. "Workfront Names Apptio Veteran Alex Shootman CEO". The Wall Street Journal. July 5, 2016. Retrieved...
As of March 2023, CloudHealth Technologies competes with Cloudability by Apptio and CloudCheckr by NetApp. "Working in Boston Tech: CloudHealth Technologies"...
Current Apptio Center for The Business of Government Consulting Promontory Kenexa International subsidiaries India Press Red Hat Research Former AdStar...
Current Apptio Center for The Business of Government Consulting Promontory Kenexa International subsidiaries India Press Red Hat Research Former AdStar...
Current Apptio Center for The Business of Government Consulting Promontory Kenexa International subsidiaries India Press Red Hat Research Former AdStar...
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