Apptio
| Company type | Subsidiary |
|---|---|
| Nasdaq: APTI | |
| Industry | Computer software IT services |
| Founded | 2007 |
| Founders |
|
| Headquarters | , United States |
Area served | Worldwide |
Key people | |
| Products | Business Management Applications, Cloud Financial Management, Investment Planning |
| Revenue | $300 million (2020) |
| Owner | Vista Equity Partners (2019–2023) |
Number of employees | 1,200 (2020) |
| Parent |
|
| Website | www |
Apptio, Inc. is a Bellevue, Washington-based company founded in 2007 that develops technology business management (TBM) software as a service (SaaS) applications. Apptio enterprise apps are designed to assess and communicate the cost of IT services for planning, budgeting and forecasting purposes; Apptio's services offer tools for CIOs to manage technology departments' storage, applications, energy usage, cybersecurity, and reporting obligations; manage the costs of public cloud, migration to public cloud and SaaS portfolios; and adopt and scale Agile across the enterprise.
In 2009, the company was the first investment for Silicon Valley venture capital firm Andreessen Horowitz. The company has approximately 550 customers of various sizes. The company went public in September 2016.
On November 11, 2018, it was announced that Apptio would be acquired by the private equity firm Vista Equity Partners for $1.9 billion. That same year, Apptio acquired Digital Fuel, a cloud computing expenditure company, for $42.5 million.
In June 2023, IBM agreed to acquire Apptio from Vista for $4.6 billion. The acquisition was completed on August 10, 2023.