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 that specializes in optimizing cloud expenses for businesses ranging from startups to large enterprises. Founded in November 2015 and headquartered in Austin, Texas, the platform leverages automation and expert knowledge to deliver significant cost savings on AWS services. Cloudwiry aids AWS customers in effectively provisioning and managing their cloud workloads through tailored solutions focused on resource and cost optimization. Its platform facilitates automated management of reserved instances and savings plans, providing clients with enhanced financial reporting and governance. By simplifying the complexities of AWS automation, Cloudwiry enables technical teams to operate more efficiently while recognizing incremental cost savings and maintaining flexibility in their cloud strategies.
Targetprocess
Acquisition in 2021
Targetprocess, established in 2006 and headquartered in Amherst, New York, specializes in agile project management software. It offers a user-friendly, visual interface to streamline software development projects, fostering collaboration among teams. The platform supports various agile processes, including Scrum and Kanban, and integrates with other development tools like source control and bug tracking systems. Targetprocess also provides extensive online help and has been recognized with Jolt Productivity Awards in 2006 and 2008.
Cloudability
Acquisition in 2019
Cloudability Inc. is a financial management company that specializes in cloud cost management software solutions. Established in 2011 and headquartered in Portland, Oregon, the company provides a platform that enables organizations to monitor, manage, and optimize their cloud expenditures. Its services include budgeting alerts, reporting tools, customizable dashboards, and anomaly detection that identifies unusual spending patterns while filtering out false positives. Cloudability's True Cost Explorer allows enterprises to analyze vendor billing comprehensively. The platform aggregates real-time financial data using advanced analytics and machine learning, offering IT, finance, and business teams detailed insights into cloud spending. Cloudability serves a diverse range of clients, including operational teams, product owners, finance departments, and executives, and operates additional offices in Seattle, Boulder, Sydney, and London.
FittedCloud
Acquisition in 2018
FittedCloud, Inc., founded in 2015 and based in Acton, Massachusetts, specializes in machine learning-based cloud optimization software. The company offers a transparent and automated solution for cloud resource optimization that requires no user intervention and avoids application disruption. Utilizing advanced anomaly detection and adaptive learning algorithms, FittedCloud analyzes data from public cloud services to predict and optimize resource utilization in real-time. This technology provides customers with deep insights into their cloud usage, simplifying the management and operation of their public cloud infrastructure. FittedCloud operates as a subsidiary of Apptio, Inc. since October 2018.
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 catalog, and service financial management. Its flagship product, ServiceFlow, is utilized by various organizations, including major corporations and government entities, to effectively manage IT and business services. The software aids in overseeing and optimizing IT spending, thus enhancing financial management processes. Notable users of Digital Fuel's solutions include British Telecom, Capgemini, General Electric, and Procter & Gamble, reflecting the company's significant impact across diverse sectors worldwide.
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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