- Sector
- Technology
- Industry
- Software - Application
- Address
-
- IPO Date
- Sep 23, 2016
- Business
- Apptio, Inc. (APTI) provides cloud-based technology business management (TBM) software as a service (SaaS) solutions that enable enterprises to plan, analyze, optimize, and manage technology investments across hybrid IT, multi-cloud environments, and agile practices; its core products include IBM Apptio for IT financial management offering cost transparency, planning, budgeting, and forecasting tools; IBM Cloudability for FinOps delivering cloud cost allocation, optimization, savings automation, and managed service provider capabilities; IBM Kubecost for real-time Kubernetes cost monitoring and reduction; and IBM Targetprocess for strategic portfolio management facilitating agile transformation, value tracking, goal alignment, and resource optimization. Founded in 2007 and headquartered in Bellevue, Washington, the company operates globally with over 1,300 employees across more than 20 offices worldwide, serving approximately 1,800 customers including over 60% of the Fortune 500 across industries such as technology, finance, and manufacturing. Apptio went public on NASDAQ in 2016, was acquired by Vista Equity Partners in 2019, and completed its acquisition by IBM in late 2023 for $4.6 billion, integrating its offerings with IBM's automation, AI, Red Hat, and consulting portfolios to enhance FinOps, AIOps, and technology spend optimization; recent developments include the October 2024 acquisition of Kubecost to bolster container management, expansion of its TBM portfolio with a new AI assistant (in beta), carbon emission reporting, and FinOps Open Cost & Usage Specification support in Cloudability, alongside availability of its solutions on Microsoft Azure Marketplace and recognition of 2024 partners of the year such as Accenture for TBM and NTT for FinOps.