received $38.00 in cash per share, representing a 53% premium to the unaffected closing price as of November 9, 2018. In 2019, Apptio acquired Cloudability, a firm that manages cloud spend. Apptio opened its first India office location in August 2019. In May 2020, LeanIX revealed technology collaboration with Apptio to include core IT spending data analytics. In February 2021, the company acquired Targetprocess, a software platform that specializes in business investments, for agile. In April 2021, Apptio launched a redesigned portfolio of products including: ApptioOne, Targetprocess, and Cloudability. Apptio announced its first certified solution and integration with ServiceNow in July 2021. The following month, Apptio opened its Kraków, Poland office. In December 2021, the company announced its collaboration with Microsoft to deploy Apptio’s platform on Microsoft Cloud to help enterprises migrate and optimize workloads. Apptio also partnered with IBM to accelerate enterprise transformation and improve hybrid cloud technology that same year. Technology Business Management Council Apptio founded the Technology Business Management Council in 2012, a non-profit organization that had over 2,900 CIOs and other senior IT leaders by 2014. It was reported by the Puget Sound Business Journal that the council "aims to help IT departments run like businesses by setting standards and best practices" . The council held its first conference in November 2013. Awards In 2020, Apptio’s Cloudability was named a Leader in The Forrester Wave for Cloud Cost Management and Optimization. Apptio was a Bronze winner for the 2021 Stevie Awards. In 2021, Apptio’s Targetprocess was recognized by Gartner as Leader in the Enterprise Agile Planning Tools Magic Quadrant. Targetprocess was recognized again in 2022 by the Gartner EAP Magic Quadrant. References External links Companies based in Bellevue, Washington Software companies based in Washington (state) Companies formerly listed on the Nasdaq Software companies established in 2007 American companies established in 2007 2016 initial public offerings 2019 mergers and acquisitions Business software companies Private equity portfolio companies Software companies of the United States