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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Apptio, Inc.
Type
Public
Traded as NASDAQ: APTI
Industry Computer software
IT services
Founded 2007
Headquarters Bellevue, Washington, United States
Area served
Worldwide
Key people
  • Sunny Gupta CEO and Co-founder
  • Kurt Shintaffer CFO and Co-founder
  • Ted Kummert EVP Engineering
  • Chris Pick CMO
  • Larry Blasko CRO
Products Business Management Applications
Revenue $160 million (2016)
Number of employees
700 (2016)
Website www.apptio.com

Apptio is a Bellevue, Wash.-based company founded in 2007 that develops technology business management software as a service applications. Apptio enterprise apps are designed to enable the assessment of IT service costs and communicate those costs to corporate leaders for planning, budgeting and forecasting purposes. The tools help CIOs run the technology departments as a business, tracking storage, cloud usage, applications, energy usage, cybersecurity, telecommunications, and reporting obligations.

In 2009, the company was the first investment for Silicon Valley venture capital firm Andreessen Horowitz. The company has approximately 325 customers, including small companies as well as corporations such as Bank of America, Metlife, Cisco, Microsoft, Starbucks, JPMorgan Chase, Goldman Sachs, Boeing, Target, Xerox, Coca-Cola and DirecTV.

The company was founded in 2007 by Sunny Gupta, Kurt Shintaffer and Paul McLachlan. Prior to founding the company, Gupta and Shintaffer worked together at iConclude before it was purchased by Opsware in 2007. In November 2007, the company received $7 million in funding from Madrona Venture Group and Greylock partners while it was operating in stealth mode. Apptio raised an additional $14 million dollars in Series B funding from the newly formed Andersson Horrowitz fund in 2009. In 2010, the company raised an additional $16.5 million in Series C funding led by Shasta Ventures, with participation from previous investors. In March 2012, the company raised an additional $50 million in Series D funding to continue scaling, hiring and expanding its services. In 2013, Apptio raised an additional $45 million in Series E funding, bringing its total raised to $136 million from firms including Greylock Partners, Madrona Venture Group, Janus Capital and T. Rowe Price.

In March 2014, Apptio opened offices in Sydney and Melbourne, Australia. In 2015, the company announced that it was adding an office in Denver. Apptio added another international office in March 2016, when it announced it would open an office in Paris, France.

On September 23, 2016, Apptio raised $96 million with its IPO.

Apptio founded the Technology Business Management Council in 2012, a non-profit organization that had over 2,900 CIOs and other senior IT leaders by 2014. It was reported by the Puget Sound Business Journal that the council “aims to help IT departments run like businesses by setting standards and best practices” . The council held its first conference in November 2013.

Investment goal date:
Dividends reinvested
Apptio, Inc. APTI report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-04
--
--
Q4 2017
2018-02-07
--
--
Q3 2017
2017-10-30
-0.0200
-0.1300
Q2 2017
2017-08-02
-0.0800
-0.1800
Q1 2017
2017-05-04
-0.0800
-0.1700
Q4 2016
2017-02-09
-0.1100
-0.2200
Q3 2016
2016-11-02
-0.4500
-0.2300
Q1 2016
2016-09-22
0.0000
-0.1600
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Inc.
308925
CADIAN CAPITAL MANAGEMENT, LP
501020
Clearline Capital LP
427602
COLUMBIA WANGER ASSET MANAGEMENT LLC
421208
FMR LLC
956600
Greylock XII GP LLC
4897937
Harvest Capital Strategies LLC
253847
Hawk Ridge Management LLC
418000
JANUS CAPITAL MANAGEMENT LLC
709239
PAX WORLD MANAGEMENT LLC
658270
Portolan Capital Management, LLC
254659
PRICE T ROWE ASSOCIATES INC /MD/
934597
PRINCIPAL FINANCIAL GROUP INC
339193
Vanguard Group, Inc
305256
Whetstone Capital Advisors, LLC
554646
Major Shareholders
Name Relationship
Total Shares
Holding stocks