BELLEVUE, Wash., Feb. 9, 2015 -- Apptio®, the leading provider of cloud-based Technology Business Management (TBM) software, today announced integration of Microsoft AzureTM billing data into its Apptio Cost Transparency (CT) application. In its 2014 Magic Quadrant for Public Cloud Storage Services, Gartner named Amazon Web Services and Microsoft Azure as leaders for Public Cloud Storage Services based on their ability to execute and completeness of vision. Coupled with its earlier AWS integration, Apptio now provides one of the most comprehensive views of public cloud data in the context of overall IT spend. By enabling enterprises to monitor how the consumption of public cloud services is shaping overall IT costs, Apptio provides IT and business leaders with a shared set of facts to make informed decisions about the adoption of public cloud.
Apptio now automatically downloads enterprises' Azure invoices, translates that data into a common format, and then maps those costs into the industry-standard cost model for IT. The resulting model and the analyses is presented in a set of metrics, KPIs, and reports that can be understood by both technology and business leaders.
Enhanced Cost Transparency for Business Units
Additionally today, Apptio released a new version of its CT for Business Units module allowing IT to have fact-based conversations about the source of its major costs. This application includes new reports, analytics, and modeling features that allow IT leaders to clearly measure and communicate the impact of the business' needs and consumption on IT's budget. With these new features, IT is able to communicate the value of the applications, services, and projects it provides to the business.
"With Apptio, we're able to analyze the different sources of data that contribute to overall understanding of costs provided to our business partners," said John Jarvis, Director of IT Finance at Molina Healthcare. "It's allowed everyone to have improved conversations and a better understanding of how each team impacts each other with the work they are doing, and how that relates to the overall success of the services provided."
"Cloud and technology costs are often viewed in a vacuum and not in the context of IT's entire budget or the needs of the business" said Ted Kummert, EVP of Engineering at Apptio. "With these new features, we're unifying the goals of the CIO, CFO, and CEO to guarantee that technology is deployed to provide measureable value to the broader business goals."
For more information on Apptio's Cost Transparency application, please visit: http://www.apptio.com/applications/cost-transparency
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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 all financial, operational, and billing systems, and powers 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 40 percent of the Fortune 100, choose Apptio as their business system of record for IT.
Apptio is sold through its direct salesforce and its partner network. For more information, visit the Apptio website or the Apptio blog atwww.apptio.com.