Apptio Receives Honor from Bank of America Merrill Lynch for Innovation in Enterprise Technology

Technology Business Management Provider Recognized at Bank of America Merrill Lynch Technology Innovation Summit 2013

BELLEVUE, Wash. – Nov. 7, 2013 – Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions was honored by Bank of America Merrill Lynch for innovation in enterprise technology. The honor was presented by Bank of America Merrill Lynch during the company’s fifth annual Technology Innovation Summit on November 6-7 in California’s Silicon Valley.

The Summit connected key business and technology leaders from Bank of America with hundreds of private technology companies and venture capitalists. The Summit allowed the bank to explore potential partnerships with startup companies and cutting-edge technologies that could help solve some of today’s most critical business challenges. Apptio was the sole recipient of the recognition for enterprise technology innovation.

Bank of America first met Apptio at its Technology Innovation Summit in 2009. Apptio has been instrumental in helping Bank of America Merrill Lynch understand its IT cost pools and has transformed the way the company delivers IT to its customers.

“We are thrilled about being recognized by Bank of America Merrill Lynch,” said Sunny Gupta, chief executive officer at Apptio. “It shows that we are pioneering innovation every day and this recognition confirms the value Technology Business Management is bringing to our customers.”

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About Apptio

Apptio is the leading independent provider of on-demand Technology Business Management (TBM) solutions for managing the business of IT. Apptio enables IT leaders to manage the cost, quality and value of IT Services by providing deep visibility into the total cost of IT services, communicating the value of IT to the business through an interactive Bill of IT™, and strategically aligning the planning, budgeting and forecasting processes. Apptio's TBM solutions play a critical role in helping companies understand and drive chargeback, virtualization, cloud and other key technology initiatives. Global enterprise customers such as Bank of America, Boeing, JPMorgan Chase, Microsoft, and Swiss Re rely on Apptio® products and services to reduce costs and align IT with business priorities. For more information, visit the Apptio website or the Apptio blog.

Contact:
Shelby Lichliter | Edelman PR for Apptio
apptioPR@edelman.com | +1 925-216-5303