Apptio Priced, Nasdaq: APTI

Provides enterprises with a cloud-based platform for managing IT assets.

Industry: Technology

Latest Trade: $15.89 0.00 (0.0%)

First Day Return: +40.9%

Return from IPO: -0.7%

Industry: Technology

We are the leading provider of Technology Business Management, or TBM, solutions. We pioneered the TBM software category to provide the strategic business management system for the CIO because IT needed a data-driven system comparable to those leveraged by other enterprise functions such as sales, human resources and finance. Our cloud-based platform and SaaS applications enable IT leaders to analyze, optimize and plan technology investments, and to benchmark their financial and operational performance against peers. We empower IT leaders to transform IT into a service provider, to navigate the cloud transition, and to shift technology resources to drive more business innovation. Our TBM solutions consist of a powerful, cloud-based platform and a suite of SaaS applications: Cost Transparency, IT Benchmarking, Business Insights, Bill of IT and IT Planning. Our data and analytics platform leverages proprietary modeling capabilities, powerful self-service analytics and planning workflows to enable customers to make actionable, data-driven strategic and operational decisions. Our platform automatically aggregates, cleanses and establishes relationships across large amounts of customer data from disparate sources and maps the data into our standard IT operating model. Our solutions are the business system of record for our customers’ IT organizations.
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IPO News for Apptio
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IPO Data
IPO File Date 08/26/2016
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 6.0
Deal Size ($mm) $96
IPO Data
IPO Date 09/22/2016
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 6.0
Deal Size ($mm) $96
Underwriters
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Company Data
Headquarters Bellevue, WA
Founded 2007
Employees 694
Website www.apptio.com