M&A Deal Summary

Apptio Acquires Cloudability

On May 16, 2019, Apptio acquired internet software and services company Cloudability

Acquisition Highlights
  • This is Apptio’s 1st transaction in the Internet Software and Services sector.
  • This is Apptio’s 3rd transaction in the United States.
  • This is Apptio’s 1st transaction in Oregon.

M&A Deal Summary
Date 2019-05-16
Target Cloudability
Sector Internet Software and Services
Buyer(s) Apptio
Deal Type Add-on Acquisition

Target

Cloudability

Portland, Oregon, United States
Cloudability, Inc. is a provider of multi-cloud financial management and FinOps, serving hundreds of customers around the globe. Cloudability’s cloud financial management platform is built to help IT, Finance and business teams make timely decisions about cloud usage and master the unit economics of cloud. Cloudability, Inc. was founded in 2011 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Apptio

Bellevue, Washington, United States
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 3 of 7
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 3 of 7
State (Oregon) 1 of 1
Country (United States) 3 of 7
Year (2019) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 SaaSLicense

Newton Upper Falls, Massachusetts, United States

SaaSLicense is a software-as-a-service (SaaS) discovery, optimization, and management product. SaaSLicense is a powerful platform that connects to customers' single sign-on (e.g., Okta), financial (e.g., NetSuite), and SaaS (e.g., Zoom, Box, Slack and Tableau) systems and automatically detects all SaaS software usage and spend across an organization.

Buy -
Mergr

Product

Company

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