| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
45 |
| Employees |
753 |
| Revenues (TTM) (Millions $) |
225 |
| Net Income (TTM) (Millions $) |
-25 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
3 |
Business Description
Apptio Inc is a software company that provides cloud-based technology business management solutions. Founded in 2007, the headquarters of the company is located in Bellevue, Washington, USA. Apptio's primary mission is to help organizations make informed decisions about their IT investments and optimize their technology spending through cost transparency and insights.
Apptio's flagship product, the Technology Business Management (TBM) software, provides an integrated suite of analytical tools for IT financial management including cost tracking, budgeting, forecasting, and cost optimization. The software provides IT managers with a report on how IT services are consumed, how they perform, and how their expenses are allocated. In turn, this information helps IT organizations to better understand the true cost of IT services, plan their IT investments, and drive cost-saving measures by allocating their IT budgets more effectively.
Apptio's software seamlessly integrates with enterprise systems such as enterprise resource planning (ERP), human resources management (HRM), and customer relationship management (CRM) systems. With integrated, automated data collection and analysis, organizations can gain a detailed insight into every component of their IT portfolio, its cost, and its performance.
Apptio's cloud-based model allows for flexibility in scaling resources and data management ensuring that organizations can access the data when they need it. As such, Apptio can provide real-time insights into IT spending trends, allowing for companies to maintain profitability and IT budgets.
The clients of Apptio Inc come from a wide range of industries, such as healthcare, banking, and finance, manufacturing, and infrastructure providers. Some of the top clients that Apptio Inc has worked with to date include Honeywell, Rolls Royce, Coca-Cola, Cisco, and Microsoft.
In conclusion, Apptio Inc provides a comprehensive suite of IT management software to help organizations to make informed decisions about their IT investments, manage costs, plan for future IT requirements, and drive cost-saving measures. The software is easy to use and provides valuable insights into IT expenditure and its effect on business operations, making it a trusted and valuable partner to some of the world's largest organizations.
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