Friday, March 23, 2018

Apptio Raises $125M In Note Offering

Bellevue-based Apptio, the publicly held developer of IT business management software, said this week that it raised $125M in a convertible note offering. Apptio said those convertible senior notes are due in 2023. Apptio said those notes a will go towards general corporate purposes, working capital capital expenditures, potential acquisitions, and strategic transactions. Apptio recently acquired IT business software developer Digital Fuel.