Digital Fuel is a provider of IT financial management SaaS software for planning, billing. The company's headquarters is in

Los Angeles, California Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

History

Digital Fuel was co-founded in 2000 by Benny Lehmann, Israel Dancziger, Gilad Raz and Yakov Kogan who served as the company's CEO, CTO, and vice president of engineering, respectively. Digital Fuel's ServiceFlow

software Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists ...

was originally sold to corporate IT teams and to service providers to help them manage service level agreements (SLAs) for

outsourcing Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...

agreements. In 2008 Digital Fuel expanded its

product Product may refer to: Business * Product (business), an item that serves as a solution to a specific consumer problem. * Product (project management), a deliverable or set of deliverables that contribute to a business solution Mathematics * Produ ...

line to include IT financial management tools, to help corporate IT manage the

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for pr ...

value and cost of IT and gain better insight into IT costs. Digital Fuel has raised over $30m in funding from investors including

Apax Partners Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...

Benchmark Capital Benchmark is a venture capital firm based in San Francisco that provides seed money to startups. History The firm's most successful investment was a 1997 investment of $6.7 million in eBay for 22.1% of the company. In 2011, it invested $12 mill ...

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

Seed Partners, and Sigma Partners. In June 2011,

VMware VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software ru ...

purchased Digital Fuel for $85 million. In September 2016, Skyview Capital acquired Digital Fuel from VMware. In February 2018, Apptio, Inc. acquired Digital Fuel from Skyview Capital.

References

{{reflist Online financial services companies of the United States Information technology management Software companies based in California Companies based in San Mateo, California Software companies established in 2000 2000 establishments in California Software companies of Israel Defunct software companies of the United States 2000 establishments in the United States American companies established in 2000

History

See also

References