M&A Deal Summary

Apptio Acquires Digital Fuel

On February 2, 2018, Apptio acquired software company Digital Fuel from Skyview Capital for 43M USD

Acquisition Highlights
  • This is Apptio’s 1st transaction in the Software sector.
  • This is Apptio’s largest (disclosed) transaction.
  • This is Apptio’s 1st transaction in the United States.
  • This is Apptio’s 1st transaction in California.

M&A Deal Summary

Date 2018-02-02
Target Digital Fuel
Sector Software
Buyer(s) Apptio
Sellers(s) Skyview Capital
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

Digital Fuel

San Mateo, California, United States
website
Digital Fuel is an IT financial management (ITFM) tool that provides transparency and control over the costs of cloud environments and quality of IT services. Its suite of products allow businesses to optimize costs and sourcing across internal virtual infrastructure/private cloud and public cloud. Infrastructure teams use Digital Fuel to understand the costs of supplying private and public cloud environments, while CIOs and IT executives can understand the costs of supplying IT services. Digital Fuel is based in San Mateo, California.

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Buyer(S) 1

Buyer

Apptio

Bellevue, Washington, United States

website


Category Company
Founded 2007
Sector Software
Employees745
Revenue 189M USD (2017)
DESCRIPTION

Apptio is a business management system for hybrid IT. Apptio transforms the way IT runs its business and makes decisions. With its cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. Apptio was formed in 2007 and is headquartered in Bellevue, Washington.


DEAL STATS #
Overall 1 of 7
Sector (Software) 1 of 4
Type (Add-on Acquisition) 1 of 7
State (California) 1 of 1
Country (United States) 1 of 7
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 FittedCloud

Acton, Massachusetts, United States

FittedCloud, Inc. is a provider of machine learning-based cloud optimization software. FittedCloud’s anomaly detection and adaptive learning algorithms analyze millions of lines of utilization data from public cloud services to predict and optimize utilization in real-time.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Skyview Capital is a private investment firm that targets divestitures of larger public corporations. Skyview focuses primarily on legacy, mature businesses in technology, business services, software, and niche manufacturing. Other areas of interest include networking solutions, information systems, transaction processing, logistics, and supply chain management. Skyview prefers business units located in North America with revenues of at least $10 million. Skyview Capital was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 7 of 10
Sector (Software) 1 of 1
Type (Add-on Acquisition) 5 of 8
State (California) 2 of 2
Country (United States) 7 of 9
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Syncplicity

Santa Clara, California, United States

Syncplicity is a provider in cloud-based file management solutions. Based in Santa Clara, California, Syncplicity provides native cloud-based sync and share capabilities required by enterprise customers. Enterprise sync and share solutions are increasingly required by companies in response to the proliferation of mobile, social and cloud computing.

Sell $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-16 SchoolKidz

Woodridge, Illinois, United States

SchoolKidz provides kitting solutions for elementary and middle-school students through various parent (PTA/PTO), school, and charitable organizations. The SchoolKidz Teacher Tailored offering provides school supply kits to over 3,000 schools nationwide. It also operates KitsforKids.com, a program serving non-profit organizations. Organizations select KitsforKidz to provide essential goods for both educational and humanitarian purposes. SchoolKidz was formed in 1995 and is based in Woodridge, Illinois.

Buy -