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Apptio
Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management (TBM) 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. manage the costs of public cloud, migration to public cloud and SaaS portfolios; and adopt and scale Agile across the enterprise. 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. The company went public in September 2016. On November 11, 2018, it was announced that Apptio would be acquired by the private equity firm Vista Equity Partners for $1.9 billion. That same year, Apptio acquired Digital Fuel, a cloud computing ...
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Technology Business Management Council
Technology Business Management Council is a Washington-based non-profit organization with the goal of creating and promoting “best practices for running IT as a business.” As of January 2018, the TBM Council has about 5,100 CIO, CTO, & CFO members who are advancing technology business management standards and education across all industries. Its current board of directors includes executives from AIG, Aflac, Apptio, Cisco, Dollar General, First American, Intuit, Great West Life, MasterCard, Micron, Nationwide, Red Ventures, Stanley Black & Decker, SunTrust, Tyson Foods, and the University of Pennsylvania. History The TBM Council began as a biannual executive summit for CIOs sponsored by Apptio, which develops technology business management software as a service applications. In 2012, Apptio founded the TBM Council as a non-profit organization with a mission to identify and promote industry best practices for running technology organizations like a business. Upo ...
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