Apptio, Inc. is a provider of cloud-based Technology Business Management (TBM) solutions designed to assist enterprises in managing their IT investments effectively. Founded in 2007 and headquartered in Bellevue, Washington, Apptio offers a suite of applications that leverage business analytics to deliver insights on technology costs, value, and quality. This enables IT leaders to make informed, data-driven decisions that align technology spending with business outcomes. The company’s solutions encompass cost transparency, benchmarking, operational efficiency, and planning, facilitating automation of IT processes. Apptio's technology operates on a next-generation, in-memory cost analytics platform that aggregates and analyzes data from various financial, operational, and billing sources, providing users with deep visibility into the total cost of IT services. The company serves a global market, with operations in several countries, including the United States, the United Kingdom, Germany, and Australia.
Executive Vice President, Operations and Corporate Development
Derek Li
Director, Customer Success - APAC
Pete Wilson
Vice President Customer Success and General Manager, Asia Pacific
6 past transactions
Cloudwiry
Acquisition in 2023
Cloudwiry is a cost management platform headquartered in Austin, Texas, that focuses on optimizing cloud spending for businesses of all sizes, from startups to large enterprises. Founded in November 2015, the company offers a robust automation platform designed to deliver significant cost savings on AWS cloud services. Through its specialized solutions, Cloudwiry assists clients in provisioning, managing, and optimizing their AWS workloads, enhancing the approachability and effectiveness of AWS automation. The platform operates autonomously, managing resources and financial reporting while optimizing reserved instances and savings plans. By combining technical expertise with a commitment to customer success, Cloudwiry simplifies the complexities of cloud financial management, enabling clients to achieve better financial returns with greater flexibility.
Targetprocess
Acquisition in 2021
Targetprocess Inc. is a software development company that specializes in agile project management solutions. Founded in 2006 and based in Amherst, New York, it offers a visual interface designed to facilitate collaborative management of software development projects. The platform supports various agile methodologies, including Scrum and Extreme Programming, enabling teams to effectively plan, track, and prioritize work from strategic portfolios to delivery. Targetprocess also integrates with other essential tools for software development, such as source control, bug tracking, and time management systems. The company provides comprehensive online assistance, featuring articles and videos to guide users through the software's key functionalities.
Cloudability
Acquisition in 2019
Cloudability Inc. is a provider of cloud cost management software solutions, focused on helping organizations monitor and optimize their cloud expenditures. Established in 2011 and headquartered in Portland, Oregon, Cloudability offers a platform that aggregates cloud spending data into comprehensive reports, allowing users to track, manage, and optimize costs effectively. Its features include budget alerts, report scheduling, custom dashboards, and anomaly detection, which identifies unusual spending patterns while filtering out false positives. The platform supports multiple users and offers API access, enabling finance, IT, and operations teams to gain real-time insights into cloud spending and facilitate ongoing cost optimization. Cloudability operates additional offices in Seattle, Boulder, Sydney, and London, and functions as a subsidiary of Apptio, Inc.
FittedCloud
Acquisition in 2018
FittedCloud, Inc. is a company specializing in machine learning-based cloud optimization software, founded in 2015 and headquartered in Acton, Massachusetts. The firm's technology leverages anomaly detection and adaptive learning algorithms to analyze data from public cloud services, facilitating real-time predictions and optimizations of cloud resource utilization. This automated solution enhances cloud analytics, providing deep insights into cloud performance while ensuring that the optimization process is transparent and does not disrupt user applications or require manual intervention. As a subsidiary of Apptio, Inc., FittedCloud aims to simplify the management and operation of public cloud infrastructure for its customers.
Digital Fuel
Acquisition in 2018
Digital Fuel is a prominent provider of Business Service Management (BSM) software solutions, specializing in service level agreement (SLA) management, service catalogs, and service financial management. Its flagship product, ServiceFlow, effectively manages substantial IT and business service expenditures for a diverse clientele, including major corporations and government entities such as British Telecom, Dell, and General Electric. By offering tools that help organizations optimize their IT spending, Digital Fuel plays a critical role in enhancing the efficiency and transparency of service delivery across various sectors.
Raveld
Acquisition in 2012
Companies today receive cloud computing bills at a granularity that is not helpful given their organizational structure. Raveld is an IT analytics software that tracks individual components within a cloud computing account. Customers view cloud data, regardless of the service, via an online dashboard. Reports breakdown costs by organizationally relevant dimensions. This detailed reporting educates and drives visibility on where the services are being used and how costs can be lowered.
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