Apptio Announces $14 Million Series B Round of Funding

BELLEVUE, WA--(Marketwire - August 18, 2009) - Apptio, the leading provider of
on-demand IT Financial
Management software, today announced a $14 million series B round of
funding, adding two new major investors, the Andreessen Horowitz Fund and
Shasta Ventures, to existing investors, Greylock Partners and Madrona
Venture Group. Investor interest was extremely high in reaction to the
tremendous market traction Apptio has demonstrated throughout the Global
2000 and across industry sectors. The additional funding will be used to
accelerate Apptio's product development, sales and marketing efforts,
extending the company's leadership in IT Financial Management and ability
to realize the vision of helping CIOs everywhere more effectively Manage
the Business of IT.

"Apptio has the critical application set to usher in a new era for IT
management. Their solution addresses the biggest challenge for today's CIO
-- establishing the financial and performance management discipline
necessary to run the IT organization like a business," said Marc
Andreessen, second-time investor in Apptio and partner of the Andreessen
Horowitz Fund. "Apptio has the right mix to become a major market force: a
deep team with proven success in IT management, early technology leadership
addressing real world problems, a $1 billion-plus market opportunity, and a
winning SaaS delivery model. We're excited to have them as one of our first
investments in the new fund."

In today's world there are tremendous market and technology forces
pressuring CIOs to transform their organizations from technology cost
centers to internal service providers. The pressure to deliver the highest
quality of service at the lowest possible price is critical, as business
leaders now have a variety of options external to internal IT. SaaS,
outsourcers and cloud computing providers offer very compelling options,
forcing CIOs to understand their own cost per IT service. In addition, the
adoption of game changing technologies such as virtualization are adding to
the pressure for IT to adopt a shared services model, which includes taking
on direct financial responsibility for a growing proportion of a company's
technology assets. With this new responsibility, CIOs must thoroughly
understand the fully-loaded cost of their IT services and the key cost
drivers to stay competitive, systematically lower costs, price or allocate
costs fairly and assure CEOs that they are providing a positive ROI to the
business.

Clearly, the role of the CIO is changing. As IT transforms into a service
provider organization, the CIO will spend more time managing the financial
performance of their "business" and will need to adopt the best practices
and processes of leading P&L managers. With many Fortune 1000 companies
spending over $1 billion on IT, often as much as any other function within
the corporation, it is time that CIOs have the financial management and
planning systems comparable to those used by manufacturing and supply chain
executive for decades to run their business.

Apptio provides CIOs of Global 5000 IT organizations with the insight they
need to manage the cost and performance of IT services, reduce costs and
make better decisions, automate financial management processes, and better
communicate the value of IT. Since the company's launch in June 2008,
Apptio's customer list has grown to include Alaska Airlines, Blue Cross
Blue Shield, BNP Paribas, Cisco, EMD Chemical, Motricity, NYK Business
Systems, Purdue University, Saint Luke's Health System, Starbucks, SumTotal
and several other companies. Collectively, these companies are saving
millions of dollars by changing the way IT manages the financial aspect of
their organizations, through deep analysis of the cost drivers of IT,
better decisions based on solid ROI calculations, clear cost transparency
to the Lines of Business through a Bill of IT, and more accurate forecast
and management of IT spend.

"The market for Financial Management for IT is exploding as every CIO is
looking to gain transparency into the costs of IT in order to become a more
effective service provider to the business," said Sunny Gupta, co-founder,
president and CEO of Apptio. "Securing new funding in this very tough
economic climate is a great demonstration of the adoption of the Apptio
on-demand solution by large numbers of customers across all verticals. This
funding will allow Apptio to build the next large on-demand enterprise
software company addressing the business needs of the CIO."

About Apptio

Apptio is the leading provider of on-demand IT Financial Management
solutions. Apptio provides greater visibility into the cost, utilization
and operations of IT products and services so that businesses can identify
ways to reduce IT costs, make better IT decisions and provide the business
with a true Bill of IT. IT organizations such as Alaska Airlines, Blue
Cross Blue Shield of Kansas, BNP Paribas, EMD Chemical and Razorfish use
Apptio's IT cost analysis capabilities to reduce cost and achieve greater
visibility into their IT costs and cost drivers. Apptio is privately held,
backed by Andreessen Horowitz Fund, Greylock Partners, Madrona Venture
Group and Shasta Ventures. For more information, please visit
www.apptio.com.