SOURCE: Apptio

Apptio

January 13, 2010 12:00 ET

Mark Jancola Joins Apptio Management Team as Vice President of Engineering and Technical Operations

Extensive Experience in Building Market Leading Products to Drive Customer-Centric Development of Apptio IT Financial Management Solution

BELLEVUE, WA--(Marketwire - January 13, 2010) - Apptio, the leading provider of on-demand IT Financial Management software, today announced the appointment of Mark Jancola as vice president of engineering and technical operations. An accomplished research and development executive with over 20 years of experience, Jancola is responsible for the design, development and delivery of Apptio's SaaS-based IT Financial Management solution.

"Mark's previous accomplishments showcase his exceptional ability at designing the highest quality software that stands up to the rigorous requirements of Fortune 500 businesses," said Sunny Gupta, co-founder, president and CEO of Apptio. "With two decades of experience, Mark is an established powerhouse in enterprise software development, and we welcome him to the Apptio team as we focus on delivering software that transforms the way CIOs manage the business of IT."

Prior to joining Apptio, Jancola served as the vice president of engineering at HP Software, overseeing worldwide research and development activities within the Business Service Automation (BSA) division. This division included data center automation products from Opsware where Jancola served as vice president of engineering before the company was acquired by HP. Jancola has also held multiple technical and leadership roles at companies including Cisco Systems, Active Voice Corp., HouseValues, Inc., and MidStream Technologies.

"Now more than ever, CIOs are under pressure to demonstrate IT's value to the business and Apptio is one of the few companies with real solutions to manage and optimize IT's value to the business," said Jancola. "Apptio's SaaS-based delivery model is leading edge, and the company is quickly emerging as an early leader in helping CIOs understand the cost, quality and utilization of their IT services. This is truly a transformative solution that helps IT manage their cost of operations, improve decision making and align IT resources with business priorities."

Jancola holds an MBA and BSEE from the University of Washington. He is active in the Boy Scouts of America, YMCA, and youth soccer programs.

About Apptio

Apptio is the leading provider of on-demand IT Financial Management solutions. Apptio provides greater visibility into the cost, budget and utilization 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. Organizations such as Blue Cross Blue Shield of Kansas, BNP Paribas, Cisco, EMD Chemical and Starbucks 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.

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