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SEATTLE, WA -- (Marketwire) -- 09/28/12 -- Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced it was recognized by Seattle Business magazine as winner of the Tech Impact Awards in the Enterprise category. The Tech Impact Awards program acknowledges companies that are creating or using innovative technologies to significantly improve business performance. Apptio was recognized at an awards gala on Tuesday night at the Washington State Convention Center in Seattle, and will be featured in the October issue of Seattle Business magazine. Other winning companies include F5 Networks, SEOmoz, and Amazon Web Services.

According to Seattle Business Magazine, the Tech Impact Awards "celebrate a geographically diverse group of individuals and companies whose grasp of technology and its ability to make our lives better is hugely impressive and simply impossible to ignore." Apptio was chosen out of more than 160 nominated companies by a panel of eight technology leaders from across Washington State, including Benjamin Beberness, CIO, Snohomish PUD; Patti Brooke, former assistant director, Washington State Department of Commerce; Elon Gasper, director of research, Corum Group; Ed Lazowska, chair, UW Department of Computer Science and Engineering; Matt McIlwain, managing director, Madrona Venture Group; Sujal Patel, cofounder, Isilon Systems; Bharat Shyam, CIO, state of Washington; Peter Wilson, engineering director, Facebook Seattle.

"Seattle is home to some of the nation's most notable technology companies, and this award validates our vision of creating a new software category aimed to help technology and finance leaders run IT as a business," said Sunny Gupta, CEO, co-founder and president at Apptio. "To-date, some of the world's largest Fortune 500 companies have turned to Technology Business Management to transform their business by effectively and efficiently managing the cost, quality and value of IT services."

The SBM Tech Impact award win continues an impressive streak of accolades for Apptio in 2012. Apptio was recently recognized by the Puget Sound Business Journal and Seattle Business magazine as one of Washington's Best Companies to Work For. Additionally, Apptio's CEO and co-founder, Sunny Gupta, was named the 2012 Ernst & Young Entrepreneur of the Year in the Pacific Northwest.

Founded in 2007, Apptio has pioneered a new enterprise technology category known as Technology Business Management. The company's TBM solutions enable IT executives to run IT like a business by providing applications for IT executives, finance and operations to get visibility into budgets and service costs, make better ROI-based decisions, improve IT operational performance and better communicate the value of IT to the business. Global enterprise customers such as Bank of America, Boeing, Facebook, Swiss Re, Microsoft and JPMorgan Chase rely on Apptio to reduce costs and align IT with business priorities.

For a full list of this year's Seattle Business magazine Tech Impact winners, visit http://seattlebusinessmag.com/article/2012-tech-impact-awards.

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™ service, 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, St. Luke's Health System, 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.

Apptio, and Bill of IT are trademarks or registered trademarks of Apptio, Inc. All rights reserved.

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