NEW YORK, Sept. 23, 2016 (GLOBE NEWSWIRE) -- Apptio, Inc., (Nasdaq:APTI), a leading provider of cloud-based Technology Business Management (TBM) software, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/07b43f48-7045-4148-bd84-e3d9f3948b6f
Apptio is the CIO’s business management system. The company builds advanced data and analytics applications for Technology Business Management that help all IT leaders make informed decisions about technology investments, capitalize on cloud transformation and drive innovation within their organizations. Apptio pioneered the TBM category and today, hundreds of global 10,000 organizations – including more than 40% of the Fortune 100 – trust Apptio as their system of record for technology investments. Investors in Apptio include Andreessen Horowitz, Greylock Partners, Madrona Venture Group, Shasta Ventures and T. Rowe Price.
“Our goal is to empower our clients by helping them understand the true cost of the cloud, optimize their technology spending and effectively communicate IT's value to the business,” said Sunny Gupta, Chief Executive Officer, Apptio. “Today’s listing on Nasdaq further validates our commitment in providing IT leaders with the most comprehensive solution to evaluate technology investments and ultimately make better decisions to maximize efficiency and impact their business’ bottom line.”
“Apptio is not only a leader in technology but also a trusted partner for CIOs and IT professionals,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. “We are thrilled to welcome Apptio to the Nasdaq family – home to the world’s most innovative companies, and look forward to supporting the company as it continues to grow and transform the business of IT.”
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Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.3 trillion and more than 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com
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