Acquired by IBM
Industries AnalyticsBusiness Process Automation (BPA)Enterprise SoftwareInformation TechnologySaaSSoftwareHeadquarters Regions Greater Seattle Area, West Coast, Western US Founded Date Nov 1, 2007 Founders Kurt Shintaffer, Paul McLachlan, Sunny Gupta Operating Status Active Last Funding Type Post-IPO Debt Legal Name Apptio, Inc.
Stock Symbol NASDAQ:APTI Company Type For Profit
Contact Email info@apptio.com Phone Number (866) 470-0320
Apptio is the leading provider of cloud-based Technology Business Management (TBM) software that helps CIOs manage the business of IT.
Apptio’s suite of applications use business analytics to provide facts and insights about technology cost, value, and quality, so IT leaders can make faster, data-driven decisions. The purpose-built applications
help companies align technology spend to business outcomes and automate IT processes like cost transparency, benchmarking, showback/chargeback, operational efficiency, and planning. Powering Apptio’s applications is a next generation, in-memory cost analytics platform that takes data directly from all financial, operational, and billing systems, and powers applications that give customers deep insight.
Transaction Name Apptio acquired by IBMAcquired by IBMAnnounced Date Jun 26, 2023 Price $4.6B