SOURCE: Apptio

Apptio

June 01, 2011 11:00 ET

Apptio Collaborates With HP to Provide Comprehensive Solution for IT Performance Management and IT Cost Management

SEATTLE, WA--(Marketwire - Jun 1, 2011) - Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced it is combining the capability of Apptio's Technology Business Management suite with that of the HP IT Performance Suite. With this integration, joint customers will be able to automate, manage and transform their IT operations.

Customers who leverage the Apptio Technology Business Management solution with the HP IT Performance Suite can optimize their IT spend, improve alignment between IT and the business, and transform IT into a flexible, agile service provider to the business. Using the solutions together can drive additional benefits, such as ensuring that data from Apptio's analytics, planning and management applications can also be leveraged within HP IT Performance Management suite.

"Our connectors bring this data into Apptio where it can be combined with other data to provide a comprehensive business view for IT leaders, drive 'what if' analytics, and enable collaborative IT budgeting, forecasting and demand management," said Sunny Gupta, CEO of Apptio. "We are pleased to collaborate with HP around this new capability and we will continue to ensure that our joint customers benefit from unprecedented visibility, insight and control that is required in the age of virtualization, cloud and IT as a service."

"CIOs need a better way to evaluate, develop, manage and optimize distributed IT and business processes to achieve greater agility, flexibility and lower costs," said Marge Breya, general manager, Software, HP. "Being able to access critical data to improve key performance indicators with the new HP IT Performance Suite -- coupled with analytics and management applications like Apptio's -- will help make that vision a reality."

About Apptio
Apptio is the leading provider of SaaS-based Technology Business Management (TBM) solutions for managing the business of IT. Apptio enables IT leaders to manage the cost, quality and value of IT Services by providing deep visibility into the total cost of IT services, communicating the value of IT to the business through an interactive "Bill of IT," and strategically aligning the planning, budgeting and forecasting processes. Apptio's TBM solutions play a critical role in helping companies understand and drive chargeback, virtualization, cloud and other key technology initiatives. Global enterprise customers including Bank of America, Boeing, Cisco, Clorox, Facebook, JPMorgan Chase, Microsoft, Northrop Grumman, St. Luke's Health System, and Swiss Re rely on Apptio to manage more than $50 billion in annual IT spending. For more information on Apptio, please visit http://www.apptio.com or the Lean IT blog at http://leanit.apptio.com/.

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