Apptio

Apptio

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Website: apptio.com

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Apptio is a comprehensive cloud financial management platform designed to help organizations effectively manage and optimize their cloud costs. It provides user-friendly tools for accurate tracking, forecasting, and budgeting of cloud expenses, enabling businesses to make informed financial decisions and allocate resources efficiently.

Key features of Apptio include enhanced contract modeling capabilities, such as variable contract extension adjustments, which allow for more precise financial planning across multi-year cycles. The platform also integrates with other financial tools, like IBM Planning Analytics, to unify planning processes and ensure consistent financial data across the organization. This integration automates data exchange, reducing manual effort and errors in financial planning.

Apptio offers detailed insights into cloud spending, facilitating smart resource allocation and cost optimization. It supports a range of cloud environments, making it suitable for businesses seeking to streamline their cloud financial management processes. By leveraging Apptio, organizations can improve financial oversight, enhance operational efficiency, and align their technology investments with business objectives.

Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management 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.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.On November 11, 2018, it was announced that Apptio would be acquired by the private equity firm Vista Equity Partners for $1.9 billion.

Website: apptio.com

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