Media BackgrounderDownload PDFAboutApptio is the leading provider of on demand IT Cost Transparency solutions. Apptio’s IT Cost Transparency solutions provide greater visibility into the cost, utilization and operations of IT products and services so that businesses can identify ways to reduce IT costs , make better IT decisions and benefit from more proactive IT demand management. Capabilities include template driven IT cost modeling, interactive reporting and analytics, and business facing IT demand management. IT organizations such as Finlay Enterprises, HomeStreet Bank and Motricity use Apptio’s IT Cost Analysis capabilities to achieve greater visibility and maximize the return on their IT investments as part of their IT Performance Management strategies. Founded in 2007 by an executive team with over 50 years of experience in systems management software, Apptio is backed by Greylock Partners, Madrona Venture Group, Marc Andreessen, Ben Horowitz, Ignition Ventures and Shasta Ventures.SolutionThe Apptio on-demand offering encapsulates knowledge of IT to provide enterprises transparency into the cost of IT. With the Apptio solution companies benefit from:
PartnersBusiness Partners: Rubin Systems, Virtual IQ Solutions, McNabb & AssociatesTechnology Partners: BMC, Citrix, VMware, Microsoft, IBM FundingApptio is a privately held company backed by Greylock Partners and Madrona Venture Group. Additional investors include Ignition Ventures, Shasta Ventures, Marc Andreessen, Ben Horowitz and Frank Artale.BackgroundThe executive team of Apptio has over 50 years of experience in the IT infrastructure and systems management market from Mercury, HP, Microsoft, Citrix, Opsware, Compuware, and IBM. Co-founder and CEO Sunny Gupta was the former EVP of Products at Opsware and previously co-founded and grew iConclude to become a pioneer in the IT runbook automation market and led it to its acquisition by Opsware. Coming off of the Opsware and HP acquisitions the founding team worked broadly with Enterprise IT customers to understand deeply, and begin defining a solution for, one of their greatest pain points – getting better transparency into the costs of IT. With development underway in late 2007 the team raised an initial round of funding, began product development, and has been experiencing significant traction with early customers from across the Global 5000.ManagementSunny Gupta, Co-Founder, President and CEOKurt Shintaffer, Co-Founder and CFO Eric Berg, VP of Product Management and Marketing Paul McLachlan, Chief Architect Matt Halls, Sr. Director of Engineering Dan Adams, VP - Central and Western Sales Mike Sullivan, VP - Eastern Sales Board of DirectorsYuval Scarlat, Former SVP Products, Mercury Interactive(HP)Matt McIlwain, Managing Director, Madrona Venture Group Tom Bogan, Partner, Greylock Partners Sunny Gupta, Apptio Kurt Shintaffer, Apptio Media ContactLEWIS PRMichelle Homes 206-224-3177 This e-mail address is being protected from spambots. You need JavaScript enabled to view it ContactWebsite: www.apptio.comEmail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Phone: 425-453-5861 Fax: 425-453-1403 Apptio Corporation 1309 114th Avenue SE Suite 100 Bellevue, WA 98004 |
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