Recognition as Top Emerging Private Company Marks the Sixth Award Win for Apptio in 2011
Seattle, Wash. – July 14, 2011 – Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that the company has been selected as an AlwaysOn Global 250 award recipient. The Global 250 recognizes the top emerging private companies that demonstrate leadership amongst peers, and innovative approaches and technologies that are likely to disrupt emerging markets. Other Global 250 companies include Dropbox, Facebook, Zillow, Box.net, Splunk, and Marketo. Recognition as a Global 250 winner marks the sixth award for the company in 2011.
“Apptio has reinvented the way CIOs run the business of IT, and we are proud to be recognized among this high profile group of companies,” said Sunny Gupta, co-founder, president and CEO of Apptio. “Being named to the Global 250 list further solidifies our position as a game-changer in the enterprise technology market and demonstrates how we are building Apptio into the next large enterprise technology company.”
Apptio is the largest independent provider of Technology Business Management solutions. Backed by experienced investors such as Andreessen Horowitz, Cisco, Greylock Partners and others, Apptio’s vision is to arm enterprise CIOs with a new set of solutions and methodologies to understand and manage the value IT is delivering to the business. Over the last year, Apptio’s innovative solutions have allowed the company to more than double its roster of Fortune 1000 customers and grow bookings by over 300 percent. Its customer base includes some of the world’s largest companies including Boeing, Cisco, Facebook, JPMorgan Chase, Microsoft, Northrop Grumman and Swiss Re.
“This year’s AlwaysOn Global 250 are companies driven by the biggest mega-trends, including the accelerating growth of mobile users, cloud computing, and SaaS offerings, globalization, and the socialization of commerce and basically everything online,” says Tony Perkins, founder and editor of AlwaysOn. “This year’s winners clearly represent some of the highest-growth opportunities we’ve seen in the private company marketplace in the history of the global Silicon Valley.”
To produce the Global 250 list, the AlwaysOn editorial team, along with partners at Morgan Stanley, the Blackstone Group, KPMG, Silicon Valley Bank, DCM, Greycroft, and Bridge Bank, as well as industry experts across the globe, scoured the entrepreneurial community to identify the top 250 private companies that are taking old notions of doing things and forging solutions that will lead to industry shake-up and huge value-creation opportunities. The AlwaysOn Global 250 winners were selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2011 list.
Apptio and the other winners will be honored at the Silicon Valley Innovation Summit on July 28 in Santa Clara, CA. The full list of Global 250 winners is available at <ahref=”http://www.aonetwork.com/AOStory/Announcing-2011-AlwaysOn-Global-250“>http://www.aonetwork.com/AOStory/Announcing-2011-AlwaysOn-Global-250.
Apptio is the leading independent provider of on-demand Technology Business Management (TBM) solutions for managing the business of IT. Apptio enables IT leaders to manage the cost, quality and value of IT Services by providing deep visibility into the total cost of IT services, communicating the value of IT to the business through an interactive Bill of IT™, and strategically aligning the planning, budgeting and forecasting processes. Apptio’s TBM solutions play a critical role in helping companies understand and drive chargeback, virtualization, cloud and other key technology initiatives. Global enterprise customers such as Bank of America, Boeing, JPMorgan Chase, Microsoft, St. Luke’s Health System, and Swiss Re rely on Apptio® products and services to reduce costs and align IT with business priorities. For more information, visit the Apptio website or the Apptio blog.
Barokas PR for Apptio