Rajeev Singh Brings Deep Experience in On-Demand Business Management Software to Leader in Technology Business Management
Seattle, Wash. - September 15, 2010 - Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that Rajeev Singh, president and chief operating officer of Concur (NASDAQ: CNQR), the world’s leading provider of on-demand Employee Spend Management services, has joined Apptio's Board of Directors. As a member of the Board, Singh will play a key role in advising the company on strategic growth initiatives and business operations.
"Apptio's significant growth, combined with its leadership and innovation in the Technology Business Management market, has positioned the company as one of the hottest players in enterprise software," said Rajeev Singh. "As a member of the company's advisory board, I have watched Apptio quickly grow its customer roster, product suite and team over the last several years. The company meets all the necessary criteria to rapidly accelerate its growth and become the defacto standard for helping CIOs manage the business of technology."
Rajeev Singh co-founded Concur in 1993 and is currently the company’s president and chief operating officer, and a member of the board of directors. Under Singh’s leadership, Concur has grown to become a global leader in on-demand employee spend management services, used by millions of employees in more than 90 countries to process over $35 billion in travel and entertainment spend a year.
Prior to founding Concur, Singh held engineering project management positions at Ford Motor Company and General Motors. In addition to Apptio, Singh is on the Board of Directors for PaySimple, the leading provider of cloud-based, receivables management and payment processing software for small businesses, and is a director for several non-profit organizations including Partnership for Learning and SeeYourImpact.org.
"Concur was an early pioneer in the on-demand software category, and Rajeev has been instrumental in driving the company's leadership in the market since day one," said Sunny Gupta, co-founder, president and CEO of Apptio. "Rajeev's unwavering track record for success, unique industry insight, and extensive experience guiding high growth companies makes him an invaluable asset to the Apptio team as we tackle a multi-billion dollar market opportunity."
Over the past 12 months, Apptio has achieved unprecedented growth – doubling its stable of Fortune 1000 customers and earning 300 percent year-over-year bookings growth. Apptio's customer roster has quickly grown to include Alaska Airlines, Blue Cross Blue Shield, BNP Paribas, Cisco, EMD Chemical, Expedia, Hallmark, JPMorgan Chase, Saint Luke's Health System, Starbucks and Volkswagen Credit, among others. Last month, Apptio announced a $16.5 million series C round of funding from Andreessen Horowitz, Greylock Partners, Madrona Venture Group and Shasta Ventures.
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.
Barokas PR for Apptio