Detailed Company Market Research Report: Apptio

Company Overview

Name

Apptio, Inc.

Mission of the Company

Deliver business value with every technology investment through data-driven solutions, services, and expertise across cloud FinOps, technology business management, and Agile and portfolio resource management.

When Was the Company Founded and by Whom

Founded: 2007

Founder: No specific founder is mentioned in the data.

Key People in the Company

Henrik Nilsson: Global VP of Partner Sales

Pete Wilson: Vice President for Apptio Business and General Manager for the APAC region

Where is the Company Headquartered

No information is available.

Number of Employees

Approximately 1,400 global employees.

Revenue of the Company

No information is available.

What is the Company Known for

Apptio is known for being a pioneer of Technology Business Management (TBM), renowned in cloud financial management and Agile portfolio management. They offer data-driven insights into technology spending efficacy and strive to transform IT investment into clear business outcomes.

Products

Overview of Products

IBM Apptio: Prioritizes and maximizes tech spend through comprehensive financial management.

IBM Cloudability: Optimizes cloud and hybrid infrastructure by managing costs and maximizing business value.

IBM Targetprocess: Aligns development resources to strategic business objectives with an agile planning approach.

High-Level Description of Products

IBM Apptio: Provides essential tools for understanding and controlling technology expenses, facilitating informed financial decisions.

IBM Cloudability: Offers insights into cloud usage, drives efficiencies, and ensures financial accountability across cloud initiatives.

IBM Targetprocess: Empowers organizations with agile practices, ensuring work aligns with corporate strategy and improving speed to market.

Key Features of Each of The Products

IBM Apptio:

Enhances cost transparency and reduces duplications.

Supports budgeting and forecasting.

Aligns investments with business priorities.

IBM Cloudability:

Improves cloud cost management.

Provides multi-cloud and SaaS integration.

Guarantees data-driven financial management decisions.

IBM Targetprocess:

Facilitates agile investment planning.

Boosts resource and program management.

Promotes strategic portfolio management.

Recent Developments

Recent Developments in the Company

IBM completed its acquisition of Apptio.

Apptio announced its 2024 Partner of the Year Award winners, recognizing global and regional partners for their growth and innovation.

New Products Launched

No specific new products mentioned in the data.

New Features Added to Existing Products

For IBM Cloudability: Introduced new innovations, including Container Insights 2.0 for enhanced cloud management practices.

For IBM Targetprocess: Introduced Solutions Library for partners and was recognized for best practices in Frost & Sullivan’s 2024 New Product Innovation Award.

Any New Partnerships

Partners recognized in the 2024 awards include top firms such as Accenture and NTT.

This report provides a comprehensive overview of Apptio, presenting details about its mission, leadership, product offerings, and the latest strategic moves. It highlights the company's commitment to offering data-driven solutions that emphasize clear business value from every technology investment. The new innovations and partnerships reflect its dynamic presence and leading role in the evolving market of IT financial and cloud management.