Newsroom
News Release - June 12, 2013
New Release Focuses on Accelerating Adoption of TBM Best Practices, Visualizing Data More Clearly and Sharing Insights More Easily link_icon
Puget Sound Business Journal - June 06, 2013
Managing an IT department has become much more complex and lately many of the largest IT departments are run by people with finance backgrounds rather than techies. On Tuesday, a nonprofit affiliated with Apptio brought together nearly 600 IT professionals and CIOs to talk about the business of IT via Polycom video conference centers from London to Chicago to Seattle. Top-level tech executives from eBay, Goldman Sachs and Freddie Mac talked about creative ways they’ve found to cut costs and create transparency in their departments. link_icon
Reuters - May 16, 2013
Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised $45 million from institutional investment firms including Janus Capital Group. T. Rowe Price, The Hillman Company, the investment firm of billionaire Henry Hillman; and existing venture capital backers including Andreessen Horowitz, Greylock Partners and Madrona Venture Group, also invested. Apptio is one of a slew of start-ups that have sprouted to help enterprises use cloud computing services more. Apptio is a partner of Amazon Web Services, the cloud business of online retail giant Amazon.com Inc. link_icon
ZDNet - May 15, 2013
The Bellevue, Wash.-based company raised $45 million in a Series E funding round, bringing the total amount raised by Apptio to $136 million. Apptio closed its Series D round in March 2012. Since then, Apptio asserted that revenue has nearly doubled with more than 125 global enterprise customers already signed on for its TBM products. Some of the global corporate customers include Boeing, Royal Bank of Scotland, Safeway, Target and Xerox.Apptio has also nearly tripled its employee base from 115 in December 2010 to nearly 350 now. An Amazon cloud partner, plans for the new capital include further investment in the company’s technology platform as well as expansion of Apptio’s international presence -- starting with more development in Western Europe. link_icon
InformationWeek - May 15, 2013
Apptio, the firm that says it wants to be the "Workday for technology business management," has just secured extra investment to help it get it there. "We want to be the business application to help the CIO run their operations as efficiently as they can," Apptio CEO Sunny Gupta told InformationWeek during a visit to Europe to start building his firm's momentum in what he says is a key geography for the company going forward. link_icon
GeekWire - May 15, 2013
Just 14 months after raising a $50 million venture round, Bellevue-based Apptio is back with a little more cash in its pocket. The company, which offers on-demand software and services for managing corporate IT departments, today is announcing that it has raised another $45 million in series E funding. It marks one of the largest venture rounds in a Seattle area company so far this year, and it cements Apptio’s position as one of the fastest-growing enterprise software companies in the region. New investors include Janus Capital, The Hillman Company and an unnamed global institutional investor. Existing investors such as Andreessen Horowitz, Greylock Partners, Madrona Venture Group, Shasta Ventures and T. Rowe Price Associates also participated. Total funding stands at $136 million. link_icon
News Release - May 15, 2013
New Investors Join Existing Investors to Accelerate Apptio’s Market Leadership of the Emerging TBM Category. link_icon
All Things Digital - May 15, 2013
Apptio, a company focused on helping CIOs get a deep understanding of their technology investments, has just scored a significant investment of its own. The company announced a short while ago that it had landed a $45 million Series E round of financing led by Janus Capital. The round brings Apptio’s total capital raised to $136 million. Its last reported implied valuation was about $600 million. CEO Sunny Gupta wouldn’t tell me the new valuation, but said it was a “considerable improvement.” You can probably do the math yourself. link_icon
News Release - May 13, 2013
Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions is proud to announce a new certified integration with ServiceNow, the leading provider of cloud-based services that automate enterprise IT operations. The two companies have worked closely together over the past few months to develop and certify a new integration between the two platforms. The integration now allows joint customers to easily share data between ServiceNow and Apptio, creating better financial insights on the products and services IT provides. In addition, the integration enables customers to define the cost of IT’s products and services catalog. link_icon
Wall Street Journal - May 07, 2013
At a gathering of high-level CIOs at the Technology Business Management Council in Napa Valley, the topic was developing best practices for the financial management of IT. Some attendees tell CIO Journal they dread talking costs and investments with their CEOs. “Lots of CIOs have struggled, silently,” Robert Webb, former CIO of Hilton Worldwide, tells CIO Journal. Both Facebook Inc. CIO Tim Campos and Hewlett-Packard Co. CIO Ramon Baez say that making the IT operation as transparent as possible not only stuffs future talks on costs, but frees them up to talk about innovation. “It was the first time they’d seen this level of detail,” said Mr. Baez, about providing CEO Meg Whitman an up-close look at IT’s cost structure. “You’ve got to invest to innovate,” he said. link_icon
