Sunny Gupta Recognized for his Continuing Achievements in Information Technology

Bellevue, Wash. - October 22, 2009 - Apptio, the leading provider of on-demand IT Financial Management software, today announced that Seattle Business magazine recognized the company’s co-founder, president, and CEO, Sunny Gupta, as a 2009 Top 25 Innovator and Entrepreneur. The awards program recognizes Seattle’s most creative and innovative business entrepreneurs who are making names for themselves in areas ranging from technology to consumer goods. Seattle Business magazine honored its 2009 Innovators last night during an awards ceremony at the Space Needle in Seattle.

“Seattle is recognized for its innovative leaders whether they are guiding an established powerhouse or taking the reins at a thriving startup,” said Sunny Gupta. “It is my privilege to be an active part of this community as my colleagues and I work to build the next large on-demand enterprise software company in Seattle.”

According to Seattle Business magazine, “It’s tough to be a serial entrepreneur during a recession, but Bellevue’s prolific tech genius Sunny Gupta hasn’t missed a beat.” At the young age of 19, Gupta moved to the U.S. with only $1400 in his pocket to attend the University of South Carolina. An entrepreneur at heart, he went on to establish three technology companies over the last 20 years. Sunny’s most recent success, iConclude, was acquired by Opsware in 2007. His current IT Financial Management software company, Apptio, was founded in late 2007 to provide CIOs with the financial and performance management discipline necessary to run the IT organization like a business. Gupta also played a key a role in the growth of Opsware, which was acquired by HP for $1.6 billion, and Mercury Interactive, which HP acquired for more than $4 billion.

This award comes on the heels of Apptio’s $14 million Series B round of funding from Andreessen Horowitz Fund, Greylock Partners, Madrona Venture Group and Shasta Ventures. Apptio’s on-demand software provides greater visibility into the cost and operations of IT so that businesses can identify ways to reduce IT costs, make better IT decisions and communicate the value of IT throughout the organization.

More than 125 companies were nominated this year for the Top 25 Innovators & Entrepreneurs Awards. The winners were chosen by an advisory board comprised of Michael Butler (CEO, Cascadia Capital), Greg Gottesman (Managing Director, Madrona Venture Group), Len Jessup (Director, Center for Entrepreneurial Studies, Washington State University), Connie Bourassa-Shaw (Director, Center for Innovation and Entrepreneurship), Ed Lazowska (Bill and Melinda Gates Chair, Department of Computer Science and Engineering, University of Washington), Gary Tomlinson (Executive Director, Seed Intellectual Property Law Group), Ken Myer (CEO, Washington Technology Industry Association), Rebecca Lovell (Executive Director, Northwest Entrepreneur Network) and Kim Zentz (Executive Director, SIRTI).

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]