Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management (TBM) software as a service (SaaS) applications. Apptio enterprise apps are designed to assess and communicate the cost of IT services for planning, budgeting and forecasting purposes; Apptio's services offer tools for CIOs to manage technology departments' storage, applications, energy usage, cybersecurity, and reporting obligations. manage the costs of public cloud, migration to public cloud and SaaS portfolios; and adopt and scale Agile across the enterprise. In 2009, the company was the first investment for Silicon Valley venture capital firm Andreessen Horowitz. The company has approximately 550 customers of various sizes. The company went public in September 2016. On November 11, 2018, it was announced that Apptio would be acquired by the private equity firm Vista Equity Partners for $1.9 billion. That same year, Apptio acquired Digital Fuel, a cloud computing expenditure company, for $42.5 million. History The company was founded in 2007 by Sunny Gupta, Kurt Shintaffer and Paul McLachlan. Prior to founding the company, Gupta and Shintaffer worked together at before it was purchased by Opsware in 2007. In November 2007, the company received $7 million in funding from Madrona Venture Group and Greylock Partners while it was operating in stealth mode. Apptio raised an additional $14 million in Series B funding from the newly formed Andreessen Horowitz fund in 2009. In 2010, the company raised an additional $16.5 million in Series C funding led by Shasta Ventures, with participation from previous investors. In March 2012, the company raised an additional $50 million in Series D funding to continue scaling, hiring and expanding its services. In 2013, Apptio raised an additional $45 million in Series E funding, bringing its total raised to $136 million from firms including Greylock Partners, Madrona Venture Group, Janus Capital and T. Rowe Price. In March 2014, Apptio opened offices in Sydney and Melbourne, Australia. In 2015, the company announced that it was adding an office in Denver. Apptio added another international office in March 2016, when it announced it would open an office in Paris, France. On September 23, 2016, Apptio raised $96 million with its IPO. On February 2, 2018, Apptio completed the acquisition of Digital Fuel SV, LLC, a provider of IT business management (ITBM) tools. On November 11, 2018, Apptio entered into definitive agreement to be acquired by Vista Equity Partners for $1.94 billion. Apptio shareholders