Apptio Features in VentureWire's FASTech 50 List from Dow Jones

Apptio has announced that the company was named to Dow Jones VentureWire's FASTech 50. VentureWire's FASTech 50 honors the most innovative venture-backed technology start-ups every year.

Apptio has pioneered the Technology Business Management category and is focused on making every IT organization a more efficient and effective partner with the business as the company has raised $41 million in venture-capital from Andreessen Horowitz, Cisco (News - Alert), Greylock Partners and others. Ensuring business leaders clearly understand the value of IT, Apptio's TBM solution gives IT and finance leaders the insight needed to minimize IT costs, make ROI-optimized decisions, align IT resources around business needs, the company stated in a press release.

“The FASTech 50 is an honor that further validates our company's innovative approach to enterprise IT," said Sunny Gupta, co-founder, president and CEO of Apptio. "Apptio joins an exclusive group of highly successful companies with revolutionary products, many of which have risen to prominence in the technology industry. This award fuels our passion to provide CIOs with solutions that transform the business of IT.”

Signing Fortune 1000 companies such as Boeing, Clorox, Facebook, JPMorgan Chase, Microsoft, Motorola (News - Alert) and Expedia, since 2010, the company has seen revenue growth of more than 300 percent. The VentureWire FASTech 50 is an annual list of the most investment-worthy technology start-ups as selected by a board of leading venture capitalists and the editors of Dow Jones VentureWire. A company must be venture-backed and have launched a product within the last three years that breaks from conventional industry methods, to be eligible for the list.

Recently, the company announced the launch of its Spring Release 2011, which includes several major new capabilities designed to help CIOs and IT leaders transform their IT organization and effectively manage both the supply and demand of IT services. Apptio's Spring Release 2011 represents more than six months of intensive development efforts in close collaboration with several customers who were instrumental in helping Apptio bring these key innovations to market.

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