The Wall Street Journal - January 23, 2015
Shares of Box Inc. surged 66% in their market debut on Friday, a sign of strong demand for a software company that has spent the past several months being lambasted for what critics said were its hefty marketing budget and unclear path to profitability. Matt McIlwain, managing director at Madrona Venture Group, said the strong demand for Box will encourage startups like Apptio Inc., a Bellevue, Wash., IT-management service now weighing its own IPO.
CIO Insight - January 20, 2015
All IT organizations perform current cost analyses, but what value do they really provide? Favorable outcomes of IT cost analysis can include better decisions, accelerated decision making, changing the conversation with the business department, influencing behavior, and improving reporting by making it more efficient, according to technology business management firm Apptio. These results involve persuasion–getting people on the same page and inciting action.
Bloomberg Businessweek - January 13, 2015
The CIO’s role is changing quickly in a world where the spread of mobile devices and Internet-based programs is resulting in a more employee-led approach to new technology. Companies’ top information-technology executives now must track the use of workers’ own devices and applications and decide which of these programs to roll out companywide. That’s a break from the past, when they had more control over evaluating what software and hardware to buy before it reached the staff.
Puget Sound Business Journal - January 12, 2015
Apptio, a Bellevue IT software maker, has been on a meteoric rise ever since the company was founded seven years ago. It outgrew its old building in January 2013, and now the company is already gobbling up additional space in its new building at 11100 N.E. Eighth St. in Bellevue. The company has 575 employees and has raised $130 million in funding as it helps major corporations like Cisco and Goldman Sachs manage IT expenses. Apptio has long been rumored to be approaching an IPO. The move would inject cash into the business and fuel future expansion, not that it needs the help.
Puget Sound Business Journal - January 08, 2015
Apptio CEO Sunny Gupta said this week he's not interested in taking his company public right now, despite many rumors to the contrary. IPO watchers have been anticipating filings from Apptio for years, but Gupta said it's not something they think about inside the company all that often.
The Hill - November 15, 2014
According to CEO Sunny Gutpa, Apptio can help federal information technology leaders with the Office of Management and Budget (OMB) mandates such as PortfolioStat. Apptio's cloud-based applications can help them determine effectiveness of current information technology management practices and address opportunities to improve management of IT resources. Apptio's approach is to provide analytics and fact-based insights about the cost, quality and value of technology spend to remove the emotional component from the decision-making process surrounding spending, so that spend management is no longer up for debate.
News Release - November 13, 2014
Apptio®, the leading provider of cloud-based Technology Business Management (TBM) software, today announced it ranked No. 64 on Deloitte’s Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Apptio’s placement on this prestigious list is due in large part to its rapid growth and success over the past year.
Business Wire - November 13, 2014
BDNA, the leading Data as a Service (DaaS) company, today announced that it has partnered with the leading provider of Technology Business Management™ and two IT management companies to provide its Technopedia® technology data catalog. Apptio®, TechStacker and Rimo3 are partnering with BDNA to deliver solutions to its customers that will ensure consistent, accurate and valuable enterprise IT data.
IDG CONNECT - November 12, 2014
CFOs today are facing a wide range of challenges, including measuring the value of the services IT is providing to the business. Most are anxious that their company is spending billions on IT with limited visibility into exactly how that money is being spent and how accurate their forecasting, planning, and budgeting is. But how do CIOs get CFOs to have a conversation about value and not just costs?
InformationWeek - November 10, 2014
Technology and business leaders from Goldman Sachs, Kaiser Permanente, and other heavyweights gather at the Apptio-sponsored Technology Business Management Conference in Miami Beach to trade ideas.