SEATTLE, Oct. 3, 2016 /PRNewswire/ -- Apptio (NASDAQ: APTI), the leading provider of cloud-based Technology Business Management (TBM) software, today announced the expansion of the company's leadership team with the addition of Erez Yarkoni, executive vice president of strategy. Yarkoni will report directly to Apptio CEO, Sunny Gupta.
In his new role at Apptio, Yarkoni will be responsible for expanding the company's corporate strategy function. He'll focus on listening, gathering and codifying customer and prospect business requirements and then developing strategies for Apptio to further expand the company's offerings and footprint into the next one thousand customers. Prior to Apptio, Yarkoni was the CIO and Group Managing Director at Telstra. He had overall responsibility for global cloud strategy and management of all IT systems and infrastructure planning, development, support and operational activities. Erez is a technology and thought leader within the industry with some 20 years of experience in the software and telecommunication sectors, ranging from large corporations like T-Mobile USA and Cingular Wireless to start-up environments like Amdocs, Inc. Erez has an undergraduate degree in mathematics and computer science from the University of Haifa in Israel, and an MBA from Cox School of Business and SMU Dallas TX.
"Companies are expected to spend $2.7 trillion on technology in 2016. And yet, they don't have visibility into how they are investing and planning for that spend. Apptio's SaaS-based applications help uncover spend and deliberately plan technology investments, helping CIOs better manage their businesses," said Sunny Gupta, CEO, Apptio. "Today we've reached hundreds of global customers. With Erez and his deep understanding of the CIO, their businesses and industry trends such as cloud, we are excited to be even more focused on building towards our next one thousand customers."
"I am a practitioner of the discipline of Technology Business Management. I've seen first-hand the power of deeply understanding costs and technology value and using that insight to govern and innovate across the business," said Erez Yarkoni, executive vice president of strategy, Apptio. "I am incredibly excited to be a part of Apptio because they uniquely raise the importance of this function by giving CIOs the business management system they need to run their businesses. As businesses venture to digitize their operations, TBM will increase in importance to them."
Apptio (NASDAQ: APTI) is the CIO's business management system. We build advanced data and analytics applications that help all IT leaders understand and make informed decisions about their technology investments, capitalize on the cloud transformation and drive innovation within their organization. We call it Technology Business Management. Our applications help companies align technology spending to business outcomes and automate IT processes like cost transparency, benchmarking, charge-back and planning. Hundreds of customers, including more than 40 percent of the Fortune 100, choose Apptio as their business system of record for IT. For more information, please visit www.Apptio.com.
For more information on how Apptio's Cost Transparency Foundation helps CIOs communicate with their business, optimize their technology spend and transform their business, please visit http://www.apptio.com/products/tbm-studio.
For more information on how Apptio's IT Planning Foundation aligns IT budgets to business priorities and improves the efficacy of the planning process, please visit http://www.apptio.com/applications/it-planning. Apptio IT Planning can also be integrated with Apptio Cost Transparency.
Forward Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding our market, corporate strategy and potential growth in our customer count. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, the prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933 with the SEC on September 23, 2016. All information provided in this release is as of the date hereof, and we undertake no duty to update this information unless required by law.