News Coverage

Needham & Company
July 09, 2013
Needham & Company interviewed Sunny Gupta, Co-founder, President and CEO Apptio, the leading provider of a SaaS-based, technology business management suite to organizations across verticals, geographies, and customer segments. According to Mr. Gupta, Apptio is pioneering this technology business management category which is resonating well with CIOs. Apptio’s vision is to extend Apptio to the business processes that reside outside of IT, which could expand the addressable market opportunity by 4-5x.
Puget Sound Business Journal
June 06, 2013
Managing an IT department has become much more complex and lately many of the largest IT departments are run by people with finance backgrounds rather than techies. On Tuesday, a nonprofit affiliated with Apptio brought together nearly 600 IT professionals and CIOs to talk about the business of IT via Polycom video conference centers from London to Chicago to Seattle. Top-level tech executives from eBay, Goldman Sachs and Freddie Mac talked about creative ways they’ve found to cut costs and create transparency in their departments.
Reuters
May 16, 2013
Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised $45 million from institutional investment firms including Janus Capital Group. T. Rowe Price, The Hillman Company, the investment firm of billionaire Henry Hillman; and existing venture capital backers including Andreessen Horowitz, Greylock Partners and Madrona Venture Group, also invested. Apptio is one of a slew of start-ups that have sprouted to help enterprises use cloud computing services more. Apptio is a partner of Amazon Web Services, the cloud business of online retail giant Amazon.com Inc.

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Press Releases

News Release
May 05, 2008
Yuval Scarlat, Forver SVP of Mercury Interactive, Joins Board of Directors and Key Advisors Marc Andreessen and Ben Horowitz to Help Maximize Initial Customer Traction and Guide Company Through Its Next Stage of Growth

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