JPMorgan pushes Apptio to Underweight
- BySeeking Alpha
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Apptio, Inc. designs and develops cloud-based technology business management (TBM) solutions for enterprises. The company's platform enables information technology leaders to analyze, optimize, and plan technology investments, as well as benchmark financial and operational performance against peers. The company's technology business management solutions help in data management, which offers cleansing and correlating customer data from sources, an information technology operating model, and a taxonomy that offers a model for how information technology costs are captured, categorized, and allocated to information technology and business services. Its solution also includes visual modeling, which allows users to build and manage the financial and operational model of their information technology organization; a calculation engine that allows the models to be applied across data sets accessible to users through the analytics capabilities included in its applications; intuitive, self-service analytics for information technology and business users; and modular applications comprising cost transparency, information technology benchmarking, business insights, a bill of information technology, and information technology planning applications. The company was incorporated in 2007 and is based in Bellevue, Washington with additional offices in Boulder, Colorado; Washington, DC; Illinois; New York; Morrisville, North Carolina; the United Kingdom; Germany; Denmark; the Netherlands; Australia; India; Japan; France; Poland; Sweden; and Italy. As of August 10, 2023, Apptio, Inc. operates as a subsidiary of International Business Machines Corporation.