Apptio, which helps IT leaders manage, plan and optimise their technology investments, has purchased Digital Fuel from Skyview Capital.
Los Angeles-based Digital fuel, a provider of IT business management (ITBM) tools, will extend Apptio’s leadership of the $6bn Technology Business Management (TBM) market. The company said that its cloud-based applications will now help more than 550 licensed customers manage, plan and optimise their technology investments across on-premises and hybrid IT environments. It will also provide opportunities to deepen Apptio’s integrations with leading financial, service management, systems management, and public and private cloud vendors.
“Since Apptio’s founding in 2007, we’ve been deeply committed to creating a long-lasting software category relevant to every organization, regardless of size or geography,†said Sunny Gupta, CEO of Apptio. “We are invested in the ongoing success of Digital Fuel customers and our combined customer base will have access to the most advanced innovation in TBM. Additionally, our partnership with the nonprofit TBM Council will provide unparalleled industry support to help ensure every customer’s success.â€
Apptio’s products include IT financial management, cost transparency, cloud cast management, IT planning, IT benchmarking, business insights and bill of IT. Its software empowers IT finance to align spend with business priorities, enabling users to make informed budgeting decisions, reduce risk to the business, and spend smarter according to its website.
Digital Fuel was founded in 2000 as a service level management provider and expanded in 2008 to include IT financial management solutions. The company, which was integrated with VMware’s cloud management and infrastructure products in 2011, was purchased by Skyview Capital two years ago.
Skyview is a global private investment firm headquartered in Los Angeles, California, specialising in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing.
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