May 15, 2013
The Bellevue, Wash.-based company raised $45 million in a Series E funding round, bringing the total amount raised by Apptio to $136 million. Apptio closed its Series D round in March 2012. Since then, Apptio asserted that revenue has nearly doubled with more than 125 global enterprise customers already signed on for its TBM products. Some of the global corporate customers include Boeing, Royal Bank of Scotland, Safeway, Target and Xerox.Apptio has also nearly tripled its employee base from 115 in December 2010 to nearly 350 now. An Amazon cloud partner, plans for the new capital include further investment in the company’s technology platform as well as expansion of Apptio’s international presence -- starting with more development in Western Europe.
May 07, 2013
At a gathering of high-level CIOs at the Technology Business Management Council in Napa Valley, the topic was developing best practices for the financial management of IT. Some attendees tell CIO Journal they dread talking costs and investments with their CEOs. “Lots of CIOs have struggled, silently,” Robert Webb, former CIO of Hilton Worldwide, tells CIO Journal. Both Facebook Inc. CIO Tim Campos and Hewlett-Packard Co. CIO Ramon Baez say that making the IT operation as transparent as possible not only stuffs future talks on costs, but frees them up to talk about innovation. “It was the first time they’d seen this level of detail,” said Mr. Baez, about providing CEO Meg Whitman an up-close look at IT’s cost structure. “You’ve got to invest to innovate,” he said.
February 15, 2013
Modern enterprise IT is a complex beast - an intricate mix of on-premise, cloud services and technology suppliers - turning IT billing into a lengthy and confusing process. This makes it difficult to answer the simple questions - How much more does one employee cost me? How can I get the most out of what I have?
Apptio Delivers Comprehensive Automation of ITIL v3 Financial Management to Growing Base of Customers and Partners
September 04, 2008
Leading Provider of On-Demand IT Cost Transparency Solutions Further Helps Enterprises Better Understand Cost-to-Value Relationship of Their IT Portfolio
Apptio Furthers IT Cost Transparency Leadership by Expanding Customer Base and Forging New Strategic Partnership
July 28, 2008
Company Further Penetrates Fortune 500 and Announces Broad Strategic Partnership with Industry Visionary Dr. Howard Rubin
June 09, 2008
Company's On-Demand IT Cost Transparency Solution Enables Enterprises to Increase Visibility, Make Better IT Decisions, and Clearly Articulate the Business Value of IT