Monthly Newsletter :: September 10, 2009

Apptio Raises $14M to Build Next Large Seattle Software Company

TechFlash, August 2009

"Apptio founder Sunny Gupta doesn't hesitate when asked what he wants to accomplish with his latest software startup. The 39-year-old entrepreneur just lays it out, clearly stating a mission to build a very, very large enterprise software company in Seattle.

And now Gupta has the "gas in the tank" to do it. Apptio today plans to announce a $14 million second round of funding from Shasta Ventures, Greylock Partners, Madrona Venture Group and the Andreessen Horowitz Fund, the new investment firm of Netscape founder Marc Andreessen and Opsware founder Ben Horowitz.
Read entire story in TechFlash »

New Whitepaper: "The Pressing Need for IT Financial Management"

EMA Analyst Lisa Erickson-Hicks surveys customers and provides an overview of the needs and benefits of IT Financial Management.
See all Apptio whitepapers »

How Frustrated CIOs Helped Create Newly Funded Apptio

Wall Street Journal, August 18, 2009

First Andreessen Horowitz investment, Apptio, raises $14M

Venture Beat, August 19, 2009

See other Apptio News Clippings »

Tracking the Cost of Virtualized Infrastructure

On July 29th, Apptio released the Server Virtualization Cost Transparency Template that integrates with VMware’s vCenter Chargeback to help IT departments track the cost of virtualized infrastructure in addition to cost drivers in order to maintain a total cost of IT Services. Customers use the cost of IT Services to drive allocation policies, chargeback, budgeting and planning. In addition to automatically calculating a TCO on IT Services, Apptio’s Server Virtualization template helps IT departments understand the ROI on server virtualization in order to expand the use of virtualization in a way that maximizes ROI.
Read more »

Recent Blog Entries:

If you haven’t yet visited Apptio’s blog, LeanIT, you should check it out, and lend your comments to the conversation! Here are the last 3 entries:

Quantifying the Costs of IT Services
Holding IT Vendors Accountable
Delivering on IT-Business Alignment

Upcoming Events:

CIO Perspectives San Francisco

September 23, 2009
If you are in the San Francisco area please join us for this day-long networking and learning seminar hosted by CIO magazine. Keynote speakers include Geir Ramleth, CIO of Bechtel and Denise Coyne, CIO of Chevron.

IT Symposium Iowa

October 15, 2009
The Iowa IT Symposium is the leading invitation-only CIO event in the state. If you are interested in attending, talk to you, we can help you get an invitation.

Gartner Symposium ITxpo

October 18-22, 2009
Gartner Symposium is held in Orlando, Fl again this year. Apptio will be participating in the event this year as a recipient of the Gartner “Cool Vendor” award. If you will be there, we’d love to schedule an appointment with you. Drop us a line.

If you’re interested in how we’re helping companies like yours accelerate cost reduction, come view a demo webcast or contact us for more information and a Free web demo.

Jeff Day
Director of Marketing

APPTIO OVERVIEW

Apptio is the leading on-demand IT Financial Management solution providing better understanding and real-time tracking of the fully-loaded costs of IT, resulting in better decision making, a more focused, process-driven approach to cost reduction, improved budget and forecasting and more effective communication of the value of IT to the business. Learn more at www.apptio.com or read our whitepaper, Automating Cost Transparency.