Apptio

Acquired

Apptio is an enterprise technology business management software company that helps IT leaders manage the cost, quality, and value of IT services. The platform provides financial transparency into technology spending, enabling data-driven decisions about IT investments. Acquired by IBM in 2023 for $4.6 billion after being taken private by Vista Equity Partners in 2019.

Founders Sunny Gupta, Kurt Shintaffer, Paul McLachlan
CEO Sunny Gupta

Company

Founded
2007
Headquarters
Bellevue, United States
Employees
1001-5000

Financials

Total Funding
$136M
Sectors
SaaS Data & Analytics
www.apptio.com Twitter Blog

Funding History

5 rounds
Acquired by IBM Aug 10, 2023
$4.6B
Series E May 15, 2013
$45M
Janus Capital (Lead) The Hillman Company (Lead) Andreessen Horowitz Greylock Partners Madrona Venture Group Shasta Ventures T. Rowe Price
Series D Mar 15, 2012
$50M
T. Rowe Price (Lead) Andreessen Horowitz Greylock Partners Madrona Venture Group Shasta Ventures
Series C Aug 31, 2010
$20M
Shasta Ventures (Lead) Andreessen Horowitz Greylock Partners Madrona Venture Group Cisco Systems
Series B Aug 18, 2009
$14M
Andreessen Horowitz (Lead) Shasta Ventures (Lead) Greylock Partners Madrona Venture Group
Series A Nov 15, 2007
$7M
Madrona Venture Group (Lead) Greylock Partners (Lead)

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.