Wednesday, April 15, 2009

Apptio Announces Customer Wins, Vendor Award

Bellevue-based Apptio, a publisher of hosted IT cost optimization software, revealed Tuesday that it has signed several new enterprise clients. The financial impact of the customer wins was not disclosed. According to Apptio, the recent gains reflect its rapid growth despite the difficult economic climate. The company said its new clients hail from multiple industries and include BNP Paribas Bank, Electronic Arts, EMD Chemicals and Razorfish. Additionally, Apptio noted that information technology analyst firm Gartner named Apptio one of the "Cool Vendors in IT Operations" for 2009. Founded in 2007, Apptio is a privately held company backed by Greylock Partners, the Madrona Venture Group, Marc Andreessen, Ben Horowitz, Ignition Ventures and Shasta Ventures.