BELLEVUE, Wash., May 23, 2017 /PRNewswire/ -- Apptio, the business management system of record for hybrid IT, today announced real-time analytics for managing and optimizing public cloud costs in AWS. The new capability gives IT leaders real-time visibility into the cost and consumption of public cloud IaaS/PaaS environments alongside on-premises and private cloud investments. With this innovation, Apptio further extends its lead as the only product capable of managing the "true cost of ownership" of Hybrid IT.
According to recent Gartner research, "Top Challenges Facing I&O Leaders in 2017 and What to Do About Them," formulating and implementing a successful hybrid cloud strategy remains the single greatest challenge for infrastructure and operations teams. Managing the cost of cloud migration, public cloud sprawl, data center efficiency, SaaS applications and internal physical infrastructure is complex and highly variable. As public cloud spending continues to grow across multiple vendors, cost and utilization are captured in complicated invoices containing millions of line items which only further intensifies the problem.
The agility provided by the cloud is a necessity for IT leaders focused on driving innovation at the pace of business, but because cloud services charge by the hour based on usage and consumption, it is easy for costs to quickly spiral out of control and become unsustainable. IT leaders must optimize their public cloud spend to drive better decision-making and alignment with business priorities. With the addition of real-time analytics for the cloud, Apptio's applications now give IT leaders more proactive control over cloud spend and consumption.
"IT is mission critical to the business with the power to accelerate market-shaping innovation and new customer experiences through cloud technology," said Sunny Gupta, Apptio CEO. "Yet, enterprise tech leaders are looking for more flexibility than on-premises solutions offer. By embracing hybrid IT and real-time cloud costing, CIOs and their teams can avoid surprises and move from reactive fire-fighting to proactive delivery of business value that impacts the bottom line."
These new capabilities quickly and easily identify valuable insights from the vast amount of data included within public cloud invoices. Customers can view their cloud spend on an hourly, daily, and weekly basis to proactively monitor spend and spot trends. IT can also leverage a standard model delivered by Apptio to allocate cloud cost and consumption directly to the infrastructure, applications and services each business unit consumes.
With Apptio, IT can answer questions like when to optimize their use of reserved instances from AWS versus on-demand consumption, how to model the financial impact of capex to opex for financial flexibility, how to optimize licenses, cost and consumption of top SaaS applications and how to drive accountability through chargeback to businesses in a hybrid IT environment.
Additionally, Apptio is introducing new functionality designed to make enterprise SaaS applications – ServiceNow and Workday – more efficient and cost effective. This release builds on existing insights for Salesforce and Office365. As some of the most commonly used applications, Apptio helps IT get the most value out of their SaaS licenses by providing actionable insights into cost, adoption and utilization. Cloud opens up opportunities to increase performance and agility and Apptio helps IT promote and show the value of cloud services compared with other options. Armed with this knowledge, line of business owners can better understand the benefits and make informed, cost-effective decisions about how and when to embrace both public cloud infrastructure and SaaS applications. Only Apptio provides a financial view across on-premises, private and public cloud services whether Iaas/PaaS or SaaS.
These capabilities will be available in Q3 2017. Apptio plans to add real-time analytics for Azure later this year. For more information about Apptio's cloud-based applications or to try these new features, please visit http://apptio.com/products
Apptio (NASDAQ: APTI) is the business management system of record for hybrid IT. We transform the way IT runs its business and makes decisions. With our cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. With Apptio, IT leaders become strategic partners to the business by demonstrating value of IT investments, accelerate innovation and shift their technology investments from running the business to digital innovation. Hundreds of customers, including more than 40 percent of the Fortune 100, choose Apptio as their business system of record for hybrid IT. For more information, please visit www.Apptio.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding our strategy, prospects, new and upcoming products and applications, customer demand, and application adoption. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the U.S. Securities and Exchange Commission, including, without limitation, the Quarterly Report on Form 10-K filed with the SEC on May 5, 2017. All information provided in this release and in the attachments is as of the date hereof, and we undertake no duty to update this information unless required by law.
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