Apptio’s IT Financial Management Software Helps Enterprise IT Departments Improve Their Cost Efficiency

Bellevue, Wash. – August 17, 2009 – Apptio, the leading provider of on demand IT Financial Management software, today announced it closed several key customers in the second quarter of 2009. Cisco, Purdue University and Saint Luke’s Health System represent a small sample of new clients that selected Apptio to achieve greater visibility into the cost and utilization of their IT operations and provide the business with a true Bill of IT.

Apptio’s IT Financial Management software enables IT and finance teams to understand the cost structure of IT services, down to the most granular unit level, and use that knowledge to optimize operations and maximize ROI. Apptio allows IT to more effectively communicate the value of IT to company business leaders, and drive decisions that validate initiatives like virtualization and cloud computing.

“IT Financial Management is a top priority for today’s enterprises, and many successful businesses are turning to Apptio to understand how to optimize their IT investments,” said Eric Berg, vice president of product management and marketing at Apptio. “Apptio is the only solution designed from the ground up to analyze the fully loaded cost of an IT service and identify ways to improve IT performance. As a result, CIOs can improve IT’s cost efficiency and shift more of IT’s resources to pursuing strategic business initiatives.”

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.


Karli Overmier
Barokas PR for Apptio
[email protected]