Apptio is a Bellevue, WA-based provider of on-demand Technology Business Management (TBM) solutions that help IT teams manage the cost, quality and value of IT services. The company offers an on-demand TBM platform used by global enterprises including Bank of America, Boeing, JPMorgan Chase, Microsoft, St. Luke’s Health System and Swiss Re. Apptio intends to use its latest funding to grow its technology platform and expand its international presence, most immediately in Western Europe. The company is led by founder and CEO Sunny Gupta and CFO Kurt Shintaffer and currently employs nearly 350 people. Financially, Apptio closed a $45M Series E and has raised $136M to date. Prior disclosed financings include a $50M Series D and a $16.5M Series C. Apptio offers on-demand Technology Business Management (TBM) software that gives enterprises visibility into the total cost of IT services, an interactive “Bill of IT,” and tools to align planning, budgeting and forecasting. Its products are designed to help companies understand and drive key technology initiatives and communicate IT value to the business. The company serves more than 85 global enterprise customers, including Bank of America, Boeing, British Petroleum, Cisco, JPMorgan Chase and Swiss Re. Apptio employs more than 250 people and is continuing to hire. The company plans to use new capital to further develop its TBM platform, expand market penetration and increase customer adoption. Leadership includes president, co-founder and CEO Sunny Gupta; the company also appointed board member Tom Bogan as chairman. Apptio provides SaaS-delivered Technology Business Management solutions that create a single source of record for IT financial and operational data. Its platform includes data analytics to drive real-time decision support and applications to automate TBM challenges and streamline business processes. Apptio delivers the technology on-demand in a SaaS model to maximize business value. Customers include Alaska Airlines, Blue Cross Blue Shield, BNP Paribas, Cisco, Expedia, Hallmark, JPMorgan Chase and Starbucks. The company reported 300% year-over-year bookings growth. Apptio has recruited more than 30 employees year-to-date and expects 30 additional hires by the end of 2010.

Total raised

$112M

Funding rounds

3

Latest round

Series E

Latest activity

May 2013