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LONDON, England – April 12, 2011 – Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that Swiss Reinsurance Company Ltd (“Swiss Re”), one of the world’s largest and most diversified reinsurers with more than $225 billion in total assets, has selected Apptio as the strategic TBM solution for its global IT operations. After a competitive evaluation process, Apptio was chosen over other business service management and IT cost management vendors for its unique expertise in IT Financial Management, its ability to easily integrate and correlate disparate data sources, and its enterprise-class functionality which combines analytics and best practice IT business processes including demand management, service costing, capacity management, financial planning and charge-back.
Swiss Re is deploying Apptio across its global IT operations to support internal business customers in more than 20 countries. Apptio’s TBM solution underpins the transformation of the company’s IT function into a demand-driven IT organization that can continuously manage the cost and value that IT delivers to the business globally.
“After an extensive evaluation process, we selected Apptio based on the company’s proven capabilities to allow us to continuously balance the cost, quality and value of our complete portfolio of IT services based on matching supply with demand from our business customers,” said René Turra, Managing Director for IT Service Delivery at Swiss Re. “Apptio impressed us with its flexible modular platform that enables IT — as well as our business customers — to get started quickly by allowing us to easily automate our existing processes, map technology to IT services, and easily integrate financial and operational data. It will help us to drive even greater cost transparency and value from the IT services we deliver to our internal business customers.”
Apptio enables IT leaders to understand the total cost of providing IT services, communicate the value of IT to the business, and strategically align the planning, budgeting, forecasting, and controlling processes to IT services. As a result, enterprises can drive towards more effective use of IT services, increase the transparency of IT cost and value to the business, and follow a proven path to running IT like a business. Companies that implement TBM often achieve 10-15% cost savings in less than 12 months and achieve greater productivity and alignment between IT and the business.
“Swiss Re’s selection of Apptio is further proof of our leadership and innovation in helping enterprises strategically align IT with business priorities,” said Syed Rizvi, managing director, EMEA, at Apptio. “As one of the world’s largest reinsurers, Swiss Re relies on IT as a cornerstone for driving successful business operations. With Apptio, Swiss Re’s IT organization will be able to provide the business with deeper transparency into their IT service demand as well as the resulting costs.”
About Apptio
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.
Contact:
Paul Maher
Positive Marketing Communications for Apptio
pmaher@positivemarketing.org
44 (0)208 237 1104
