Monday, July 20, 2015

Apptio Hires IPO Banker

Bellevue, Washington-based Apptio is gearing up for an IPO, and has hired Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Bank of America Corp. to lead an IPO for the company, according to a report Friday. The Wall Street Journal cited "people familiar with the matter". No details on when Apptio might formally file for its public offering were given. Apptio develops IT performance monitoring software, and is venture backed by Janus Capital, The Hillman Capital, Andreessen Horowitz, Greylock Partners, Madrona Venture Group, Shasta Ventures, and T. Rowe Price, plus other institutional investors.