F5 Networks’ CEO Appointed to Board of Technology Business Management Provider
BELLEVUE, Wash. – February 27, 2013 – Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, is proud to announce that John McAdam, president, chief executive officer and director of F5 Networks, has been appointed to its Board of Directors.
McAdam, who has served in his role at F5 since 2000, has grown the company from $108.6 million in annual revenue to $1.38 billion. Under McAdam’s leadership, F5 has become the global market leader in Application Delivery Networking, helping some of the world’s largest businesses, service providers, government entities and consumer brands deliver and protect their applications and services. Throughout his tenure, McAdam has led F5 through numerous acquisitions, guiding F5 into new and adjacent markets.
“John has an excellent track record in building companies based on world-class technology and customer service and then leveraging that success into new market categories and opportunities,” said Sunny Gupta, chief executive officer of Apptio. “That expertise makes him a perfect fit for Apptio, as we make the Technology Business Management category ubiquitous and maintain our position as a leading provider.”
McAdam’s appointment comes at a time of continued growth for Apptio. Over the past year, Apptio has experienced revenue growth of more than 85 percent and has more than 115 customers including JPMorgan Chase, DIRECTV and First American Financial Corporation.
“Throughout my tenure in the technology industry, a common trend is evident — IT departments must become strategic business enablers while simultaneously running the business of IT,” McAdam said. “Apptio’s unique combination of TBM SaaS applications, methodology and community helps IT leaders do just that. It’s a must-have discipline for IT leaders across all verticals and budget sizes, and I look forward to working with Sunny and his team to further expand Apptio’s leadership position in TBM.”
Prior to joining F5, McAdam served as general manager of the web server sales business at IBM and was previously president and chief operating officer of Sequent Computer Systems, Inc. He holds a Bachelor of Science in computer science from the University of Glasgow, Scotland.
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, St. Luke’s Health System, 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.
Edelman PR for Apptio