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BELLEVUE, WA -- (Marketwired) -- 11/18/13 -- Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced three key leadership hires, positioning its business for its next phase of growth. Sean Boyle, former vice president of investor relations at Amazon, joins as Apptio's new chief financial officer. Ted Kummert, a long-time Microsoft product executive, joins as Apptio's new executive vice president of engineering and cloud operations. And Peter Klein, formerly the chief financial officer of Microsoft, joins Apptio's board of directors.

These appointments demonstrate Apptio's rapid growth trajectory. Nearly one-third of the Fortune 100, and enterprise customers across most major industry verticals, rely on Apptio's TBM solution to run IT like a business.

"We are extremely pleased to bring Sean, Ted and Peter to our leadership team. Their appointments come at an exciting time as we broaden our TBM footprint around the world," said Sunny Gupta, chief executive officer of Apptio. "The collective experience of these executives will complement our vision for aggressive market growth and will bolster the expertise of our board and leadership team."

News Highlights:

• Sean Boyle, chief financial officer, will lead Apptio's global financial operations. Boyle joins Apptio from Amazon, where he most recently served as vice president of investor relations of Amazon.com. At Amazon.com, he was responsible for leading all external relations with institutional investors, shareholders and industry analysts, as well as quarterly earnings communications and annual shareholder events. Sean had previously served as the finance leader for Amazon Web Services. Prior to joining Amazon, he held a variety of finance leadership positions at Ford Motor Company.
  
  
• Ted Kummert, executive vice president, engineering and cloud operations, will drive Apptio's global engineering and SaaS practice. Most recently, Kummert served as a venture partner at Madrona Venture Group. Prior to Madrona, Kummert drove major product and business initiatives for Microsoft for more than two decades. During his tenure at Microsoft, Kummert led teams across a broad set of technologies, including operating systems, consumer online services, enterprise security and enterprise application platform. As corporate vice president of the Data Platform Group, Kummert led the development of several key Microsoft enterprise products including SQL Server, SQL Server Parallel Data Warehouse, Windows Azure Data Services and Microsoft's business intelligence and big data offerings. Prior to Microsoft, Kummert worked for Apple and Hewlett-Packard.
  
  
• Peter Klein, former chief financial officer, Microsoft, will join Apptio's board of directors. Klein joins Apptio's board of directors after more than 11 years at Microsoft. Most recently, Klein served as the CFO of Microsoft from November 2009 until May 2013. Previously, Klein spent 13 years in corporate finance at companies including McCaw Cellular Communications, Orca Bay Capital Group, Asta Networks and Homegrocer.com. While at Homegrocer.com, Klein helped lead the company through a successful IPO and acquisition.
  
  

"Apptio's rapid evolution over the years has been truly remarkable and one of a kind," said Sean Boyle, chief financial officer, Apptio. "The task at hand now is to intensify that success and manage the flawless execution of financial strategy so we are continuously improving in how we serve our customers."

About Apptio

Apptio is the leading independent provider of on-demand 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 such as Bank of America, Boeing, JPMorgan Chase, Microsoft, and Swiss Re rely on Apptio® products and services to reduce costs and align IT with business priorities. For more information, visit the Apptio website or the Apptio blog.