Bellevue Chamber of Commerce Recognizes Apptio as Eastside Emerging Business Winner; Award Marks the Fourth Honor this Month

Seattle, Wash. - May 27, 2011 - Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that the company has been recognized by the Bellevue Chamber of Commerce as a winner of the Eastside Business Awards in the Emerging Business category. According to the award organizers, Apptio was recognized for achieving a significant presence in the Eastside business community and demonstrating consistent and significant growth. Other Eastside Business Award winners include Concur, Quadrant Homes and Novel, Inc.

Recognition as an Eastside Business Awards winner marks the fourth award for the company in the month of May. In addition to this honor, Apptio was also recently appointed to the prestigious TiE50 list, and the company's CEO, Sunny Gupta, was recently named the Seattle 2.0 Startup CEO of the Year and was also named as an Ernst & Young Entrepreneur of the Year finalist in the Pacific Northwest region.

"Bellevue is home to a number of prestigious companies and Apptio is proud to be recognized among this high profile group. As a company, we're determined to find and grow local talent who are passionate about building a new software category. Apptio's current and future success is a direct result of our highly qualified team," said Sunny Gupta, co-founder, president and CEO of Apptio. "Recognition as an Eastside Business Award winner further validates our vision of scaling Apptio to become the next big enterprise company in the Pacific Northwest."

Founded in 2007, Apptio has pioneered the Technology Business Management category. Backed by Andreessen Horowitz, Cisco, Greylock Partners and others, Apptio's vision is to arm enterprise CIOs with a new set of solutions and methodologies to understand and manage the value IT is delivering to the business. Over the last year, Apptio has more than doubled its roster of Fortune 1000 customers and grew bookings by 300 percent. Its customer base includes some of the world's largest companies including Bank of America, Boeing, Cisco, Facebook, JPMorgan Chase, Microsoft, Northrop Grumman and Swiss Re.

According to the Bellevue Chamber of Commerce, "The Eastside Business Awards is a program developed to celebrate the entrepreneurial spirit and business successes of the Eastside. The program honors the outstanding businesses of the Bellevue region that uphold a strong commitment to quality communication and innovation."

Apptio and the other winners were given special recognition at the annual Eastside Business Awards Luncheon on May 25.

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 chargebackvirtualizationcloud 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.

Contact:

Karli Overmier
Barokas PR for Apptio
[email protected]
206-264-8220