November 15, 2016
Four years ago, a consortium of enterprises was formed, called the TBM Council. (TBM stands for “technology business management.”) It formed around a vendor called Apptio that provided a financial tool for CIOs to understand and manage IT spend, creating what Apptio CEO Sunny Gupta calls a subledger for IT.
November 10, 2016
Business management software maker Apptio has announced two new applications, Apptio Project Financial Planning and Apptio Services Demand Planning.
November 09, 2016
IT pros are really bad at accurately budgeting and forecasting IT service demand costs. This is according to a new report by cloud-based Technology Business Management (TBM) software firm Apptio. According to Apptio’s new report, which is based on a poll of 120 senior IT professionals, less than a quarter (22 per cent) are able to ‘accurately budget and forecast IT service demand costs’.
October 17, 2016
Apptio will release financial results for the third fiscal quarter ended September 30, 2016, following the close of the U.S. markets on Wednesday, November 2, 2016. Apptio will host a conference call and live webcast to discuss its third quarter 2016 results and fourth quarter outlook.
Apptio, Inc. Announces Closing Of Initial Public Offering And Full Exercise Of The Underwriters' Option To Purchase Additional Shares
October 03, 2016
Apptio announced the closing of its initial public offering of 6,900,000 shares of Class A common stock at a price to the public of $16.00 per share, which includes the full exercise of the underwriters' option to purchase 900,000 additional shares. The company estimates net proceeds from the offering to be approximately $99.4 million, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading on the NASDAQ Global Market under the ticker symbol "APTI" on September 23, 2016.