Welcome to our dedicated page for Apptio news (Ticker: APTI), a resource for investors and traders seeking the latest updates and insights on Apptio stock.
Apptio, Inc. (NASDAQ: APTI) delivers technology business management solutions that empower organizations to optimize cloud investments and operational decisions. This dedicated news hub provides investors and technology leaders with essential updates about Apptio's strategic initiatives, product innovations, and market positioning.
Discover timely information about Apptio's cloud cost management solutions, including recent developments like their Oracle Cloud Infrastructure integration. The curated news collection features earnings reports, partnership announcements, and leadership updates critical for understanding the company's FinOps leadership.
Key content areas include financial performance analysis, technology partnerships enhancing multi-cloud management, and product enhancements to Apptio's AI-driven SaaS platforms. Bookmark this page for streamlined access to verified updates about APTI's role in transforming enterprise IT financial management.
Apptio, a leader in technology business management, has acquired Cloudwiry, a firm specializing in multi-cloud savings automation. This acquisition aims to enhance Apptio's capabilities in managing cloud costs and improving financial visibility for its enterprise customers. The transaction closed on December 22, 2022, allowing Cloudwiry's offerings to be integrated into Apptio's platform. With a focus on reducing cloud waste and optimizing financial management, the combined solutions promise significant savings and increased operational efficiency for users.
Apptio has announced a significant collaboration with Microsoft to deploy its financial decisioning platform on the Microsoft Cloud. This partnership aims to assist enterprises in migrating and optimizing their workloads effectively. Apptio's application will integrate with Dynamics 365, enhancing data management across various domains such as HR and finance.
The collaboration emphasizes insights and optimization for cloud services, particularly on Microsoft Azure, targeting improved cost management and operational efficiency for customers.
On October 27, 2020, Apptio announced its first public sector deal in the U.K. with Cheshire East Council. The council has deployed Apptio Cost Transparency to gain full visibility into IT costs, enabling informed decision-making and improved accountability for over a million residents. This deployment will allow the council to better manage technology spending, identifying addressable and non-addressable costs, and providing detailed insights about service consumption. Apptio's solutions are trusted by over 60% of Fortune 100 companies.
Apptio has experienced significant growth in the APAC region, adding 46 new customers and achieving a 45% year-over-year revenue increase. The company operates in various sectors including finance, insurance, and education, catering to top banks in Australia and Southeast Asia. Apptio's solutions enable better visibility into technology spending. The recent opening of an office in Tokyo aims to enhance service delivery and overcome localization barriers. New leadership is anticipated to further bolster sales efforts in Southeast Asia.
