SOURCE: Apptio

Apptio

June 29, 2011 09:00 ET

First American Title Insurance Company CIO Joins Apptio's Board of Directors as Strategic Advisor

Larry Godec Joins Apptio Strategic Advisors Ben Horowitz and Cisco CIO, Rebecca Jacoby

SEATTLE, WA--(Marketwire - Jun 29, 2011) - Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that Larry Godec, senior vice president and chief information officer at First American Title Insurance Company, has been appointed as Strategic Advisor to Apptio's Board of Directors. In this role, Godec will advise the company on the unique challenges of the evolving CIO role and the strategic development of new solution offerings.

"Larry is a true IT visionary and is widely recognized for his ability to effectively and efficiently manage IT as a business, and deliver unprecedented value to his organization," said Sunny Gupta, co-founder, president and CEO of Apptio. "This addition brings even greater depth to our advisory board as we lead the charge to transform IT through Technology Business Management. With Larry's guidance and insight, Apptio will continue its rich history of growth and success."

Godec has more than 25 years of experience in all facets of information technology. In his current role, Godec oversees strategic architecture and business process management, as well as data center operations. Prior to joining First American Title Insurance Company, Godec held senior technology management positions at Nissan North America and Dr. Pepper/Seven-Up and served as president of Software AG International User Group for two years.

"Apptio has assembled the right mix of people and products to tackle the toughest challenges facing today's CIOs," said Godec. "The company's successful track record speaks to the enormous market opportunity for solutions that enable CIOs to move from a provider of technology components to a strategic business partner. I'm honored to be part of a team that is on the cutting edge of a fast-growing software category."

This addition comes at a time of tremendous expansion and heightened industry recognition for Apptio. Over the past year the company has seen revenue growth of more than 300 percent, signing Fortune 1000 companies such as Bank of America, Boeing, Clorox, Facebook, JPMorgan Chase, Microsoft and Northrop Grumman.

About Apptio
Apptio is the leading independent 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 spend. 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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