Apptio Stock

Apptio develops technology business management SaaS. Apptio software enables the assessment of IT service costs and communicates those costs to corporate leaders for planning, budgeting and forecasting purposes. The company was founded in 2007 and is based in Bellevue, Washington. Apptio has more than 440 employees and 175 global customers, which include small companies as well as corporations such as Bank of America, Cisco, Microsoft, Starbucks, JPMorgan Chase, Goldman Sachs, Boeing, Target, Xerox, Coca-Cola and DirecTV. Apptio was the first investment for leading Silicon Valley venture capital firm Andreessen Horowitz and has raised a total of $136 million from investors that also include Greylock Partners, Madrona Venture Group, Janus Capital and T. Rowe Price. In 2008, Apptio founded the Technology Business Management Council, a non-profit that currently has over 1,100 CIOs and other senior IT leaders. The council “aims to help IT departments run like businesses by setting standards and best practices,” according to Puget Sound Business Journal. Its first conference was held in November 2013 with more than 450 members and partners in attendance. Apptio has been recognized by Seattle Business magazine as being among the 100 Best Companies to Work For: Large Companies (2012) and received the magazine’s 2012 Tech Impact Award for Enterprise Computing. In 2014, The Seattle Times called Apptio “the region’s next big tech company.”