BELLEVUE, Wash., June 23, 2015 -- Apptio®, the leading provider of cloud-based Technology Business Management (TBM) software, today announced the promotion of its co-founder, Kurt Shintaffer to Chief Financial Officer (CFO). Formerly SVP of Worldwide Finance and Accounting, Shintaffer exemplifies Apptio's core values and commitment to operational excellence. To support Shintaffer in his new role, Susanna Morgan will be appointed Senior Vice President of Finance and Investor Relations. Morgan brings a proven track record of leading strategic finance and corporate development functions, most recently at Concur (now part of SAP), the global travel and expense management SaaS organization.
"As Apptio continues to grow, our CFO will play a key role driving business objectives and executing on our long-term operating model," said Apptio CEO, Sunny Gupta. "Kurt's business acumen, historical knowledge and established trust with Apptio's board and executive team are critical to our success. We are also pleased to welcome Susanna to our team given her experience at one of the world's largest SaaS companies."
Shintaffer's commitment to the business and deep understanding of its operations positioned him as the clear leader for the role. As CFO, he will report directly into Gupta and is responsible for managing finance, accounting, and investor relations to grow and influence the future direction of Apptio. Shintaffer was selected following an extensive national evaluation of the most prominent finance executives in the country. Over the past eight years, Shintaffer has built Apptio's business operations and financial functions to support more than 600 employees and 250 customers at some of the world's largest enterprise organizations. Previously, he served as CFO of iConclude and VP of Finance at Pacific Edge Software.
"I have been very impressed with Kurt's dedication and contribution to the business. After interviewing and considering multiple highly-skilled and qualified candidates for the role of CFO, it was clear that the person most equipped for this role has been here all along," said Peter Klein, former CFO of Microsoft and Apptio board member and chairman of the Audit Committee. "Kurt has a comprehensive understanding of Apptio, the TBM category and the market at large. The combination of those skills and experiences make him the ideal person to help lead Apptio's continued growth."
Morgan is a natural fit as SVP of Finance and IR with more than 15 years' experience scaling the financial and corporate development functions of multiple enterprise SaaS technology organizations. While at Concur, Morgan was a key part of the team involved in SAP's acquisition of Concur for $8.3 billion. Prior to that role, Morgan served in a finance and corporate development capacity at Vertafore,Charles Schwab, and Oracle.
Apptio is the leading provider of cloud-based Technology Business Management (TBM) software that helps CIOs manage the business of IT. Apptio's suite of applications use business analytics to provide facts and insights about technology cost, value, and quality, so IT leaders can make faster, data-driven decisions. The purpose-built applications help companies align technology spend to business outcomes and automate IT processes like cost transparency, benchmarking, showback/chargeback, operational efficiency, and planning. Powering Apptio's applications is a next generation, in-memory cost analytics platform that takes data directly from financial, operational, and billing systems to power the applications that give customers deep insight. This insight spans infrastructure, applications, and business services, both on-premises and in the cloud. Hundreds of customers, including more than one-third of the Fortune 100, choose Apptio as their business system of record for IT.