• English
    • Deutsch (German)
    • Français (French)
    • Italiano (Italian)
    • 日本語 (Japanese)
  • Support
  • Login
  • Search
  • Solutions
    • Overview
    • Financial ManagementAnalyze, optimize, & plan technology spend
    • Cloud & HybridOptimize cost & utilization of multi-cloud & on-premises
    • Apps & ServicesRationalize portfolio & invest for growth
    • Vendors & SuppliersGovern your technology vendor portfolio
    • Agile & ProjectsTrack & prioritize investments for value
    • Business ValueShape business demand & recover costs
    • Public Sector ITAlign resources to reduce risk & maximize mission objectives
  • Products
        • PRODUCTS
        • ITFM FoundationAutomate IT financial planning & analysis
        • CloudabilityAllocate & optimize cloud resources
        • Cloudability SaaSIdentify SaaS apps to optimize costs and manage risk
        • Cost TransparencyAggregate & normalize IT cost, performance & utilization
        • Agile Investment ManagementPlan, track, and forecast investments for Agile delivery
        • All Products >
          • Bill of IT
          • Hybrid Business Management
          • IT Benchmarking
          • IT Planning Foundation
          • Vendor Insights
          • Project Financial Planning
        • Platform
        • DatalinkIngest & structure data from over 350 source systems
        • Apptio TBM Unified ModelEmploy best practices for data sources, allocations & KPIs
        • InsightsSurface actionable insights & opportunities hidden in your data
        • Self-Service ReportingUnlock information and share reports across your organization
        • Comments & CollaborationDrive clarity with rich context without leaving the system
        • Action PlansSet, track, & monitor progress toward goals & objectives
  • Resources
        • Overview
        • Testimonials
        • Resource Center
        • Blog
        • Community
        • Support
        • Professional Services
        • Events & Webinars
  • Company
        • Overview
        • Careers
        • Leadership
        • Technology Business Management
        • Trust
        • Partners
        • News
        • Locations
  • Get Started
  • Search
  • Support
  • Login
  • English (English)
    • Deutsch (German)
    • Français (French)
    • Italiano (Italian)
    • 日本語 (Japanese)
Get Started

Press Release

Vista Equity Partners Completes Acquisition of Apptio

Bellevue, WA, January 10, 2019 – Apptio, Inc., software that fuels the digital transformation, today announced that it has been acquired by Vista Equity Partners (“Vista”), a leading investment firm focused on software, data and technology-enabled businesses. The $1.94 billion transaction, originally announced on November 11, 2018, was approved by Apptio’s stockholders on January 8, 2019 and completed on January 10, 2019.

“More than a decade ago, we began building the next great cloud software platform to help companies make smart decisions as they plan, analyze, and optimize technology investments,” said Sunny Gupta, co-founder and CEO of Apptio. “The resources and financial strength of Vista will allow Apptio to enter our next chapter of growth, maintain our commitment and passion for customers, and cement our leadership position in fueling digital transformation at hundreds of organizations of all sizes around the world.”

Following the transaction, Gupta will stay on as CEO, Apptio headquarters will remain in Bellevue, WA, and Apptio will continue to operate independently as Apptio, Inc.

With the completion of the acquisition, Apptio common stock ceased trading and is no longer listed on the NASDAQ Stock Market.

Qatalyst Partners acted as the exclusive financial advisor to Apptio and Wilson Sonsini Goodrich & Rosati served as legal advisor to Apptio to support the acquisition. Vista’s legal advisor is Kirkland & Ellis LLP.

 

About Apptio

Apptio is the leading software to fuel digital transformation. We help technology and finance leaders make smart decisions as they plan, analyze, and optimize technology investments in pursuit of digital transformation.  Apptio’s software uses machine learning to translate technology costs and utilization across on-premises systems, vendors, projects, agile and cloud systems into a holistic, business-centric view. With Apptio, IT leaders make smarter digital transformation investments. Companies of all sizes and geographies trust Apptio to fuel their digital transformation, including 50% of the Fortune 100. For more information, please visit www.Apptio.com.

 

About Vista Equity Partners

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco with more than $46 billion in cumulative capital commitments. Vista exclusively invests in software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. For more information, please visit www.vistaequitypartners.com.

 

Media Contacts:

Apptio:

Sarah Vreugdenhil

pr@apptio.com

 

Vista Equity Partners:

Alan H. Fleischmann

vista@laurelstrategies.com

Get Started

Whether you need help analyzing the true cost of the cloud, optimizing your technology spend, or communicating IT’s value to the business, Apptio can help.

Find a Solution

Request a Demo

Join an Event

Ask a Question

Apptio
Twitter
Linkedin-in
Envelope
  • Solutions
    • Overview
    • Financial Management
    • Cloud & Hybrid
    • Apps & Services
    • Vendors & Suppliers
    • Agile & Projects
    • Business Value
    • Public Sector IT
  • Products
    • PRODUCTS
    • ITFM Foundation
    • Cloudability
    • Cloudability SaaS
    • Cost Transparency
    • Agile Investment Management
    • All Products >
      • Bill of IT
      • Hybrid Business Management
      • IT Benchmarking
      • IT Planning Foundation
      • Vendor Insights
      • Project Financial Planning
    • Platform
    • Datalink
    • Apptio TBM Unified Model
    • Insights
    • Self-Service Reporting
    • Comments & Collaboration
    • Action Plans
  • Resources
    • Overview
    • Testimonials
    • Resource Center
    • Blog
    • Community
    • Support
    • Professional Services
    • Events & Webinars
  • Company
    • Overview
    • Careers
    • Leadership
    • Technology Business Management
    • Trust
    • Partners
    • News
    • Locations
  • Get Started
  • Search
  • Support
  • Login
  • English (English)
    • Deutsch (German)
    • Français (French)
    • Italiano (Italian)
    • 日本語 (Japanese)
Founder and Technical Advisor to the TBM Council

© 2007-2021 Apptio, Inc. All rights reserved. |  Privacy Policy | Modern Slavery Act Statement