November 04, 2010
Apptio, which makes on-demand software that tracks technology investments, said Thursday that it has landed an equity investment from Cisco Systems as well as a reseller partnership. The company raised another $3.5 million from Cisco and current investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group and Shasta Ventures.
November 04, 2010
Software-as-a-Service upstart Apptio on Thursday said it completed a Series C rounding of equity investment, and also announced a reseller relationship with one of its strategic investors, Cisco (NSDQ:CSCO).
The New York Times
November 04, 2010
Apptio, a provider of an analytics suite for IT executives, announced today that it completed a fundraising round worth $20 million that was oversubscribed from its original goal of $16.5 million thanks to an investment from Cisco Systems.
November 03, 2010
Venture capital firm Andreessen Horowitz has raised an additional $650 million to invest in technology startups. The firm, whose general partners include former Netscape Communications founder Marc Andreessen, launched in June 2009 with an initial fund of $300 million. The second round of fundraising, announced Wednesday, raises the firm's investment capital to nearly $1 billion.
October 28, 2010
SaaS-based technology business management solutions provider Apptio signed a strategic partnership deal with India’s IT outsourcing giant Wipro. Under the terms of this agreement, Wipro will utilize Apptio's Technology Business Management (TBM) solution to maximize the business value of IT to its clients, including hundreds of customers in its technology infrastructure services (TIS) division.