United States: Software maker Apptio raises $14M.Byline: Mamta03 Apptio, a provider of on-demand IT financial management software, has raised $14 million in second round funding. Andreessen Horowitz Fund and Shasta Ventures were joined by return backers Greylock Partners and Madrona Venture Group. The funding will be used to accelerate Apptio's product development, sales and marketing efforts, and extend the company's leadership in information technology financial management. "Apptio has the right mix to become a major force: a deep team with proven success in IT management, early technology leadership addressing real world problems, a $1 billion-plus market opportunity, and a winning SaaS delivery model. We are excited to have them as one of our first investments in the new fund," said Marc Andreessen (person) Marc Andreessen - The man who founded Netscape Communications Corporation in April 1994 with Dr. James H. Clark. Andreessen has been a director since September 1994. , partner of the Andreessen Horowitz Fund. Apptio's customer list includes Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport. , Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. , Cisco, EMD EMD Electromechanical dissociation, see there , NYK NYK New York Knicks NYK Nippon Yusen Kaisha (shipping company) NYK Not Yet Known Business Systems, Purdue University Purdue University (pərdy  `, -d`), main campus at West Lafayette, Ind. ,
Starbucks and SumTotal. Apptio provides CIOs of Global 5000 information
technology organizations with the insight they need to manage the cost
and performance of information technology services, reduce costs and
make decisions, automate financial management processes, said the
company.
Sunny Gupta is Aptio's chief executive officer, co-founder and president. In other venture capital news: Jambool Inc., a virtual currency and payments platform provider under the Social Gold brand, has raised a $5 million in financing led by Madrona Venture Group. Existing investor Bay Partners also participated in the round. "Since we launched Social Gold, we've seen virtual goods become the de facto [Latin, In fact.] In fact, in deed, actually. This phrase is used to characterize an officer, a government, a past action, or a state of affairs that must be accepted for all practical purposes, but is illegal or illegitimate. monetization engine for social applications. It has been very exciting to build the platform and tools that power large online, virtual economies and enable a great in-app purchase experience for millions of users on social networks," said Vikas Gupta, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and co-founder of Jambool. Jambool has recently cemented partnerships with publishers like RealGames, the games division of RealNetworks Inc. and distribution partners like Super Rewards, said the company. "Virtual currency is critical to our go-forward strategy, so we considered every available option," said Garrett Link, general manager of social games for RealGames The platform enables developers to create and manage their own white-labeled virtual currency, to provide an unparalleled, in-app payments experience to their users, and to optimize their virtual economy using robust analytics, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the San Francisco-based company. MobileIron, a maker of smartphones, recently culled $11 million in second round financing. The round was co-led by Norwest Venture Partners, Sequoia Capital and Storm Ventures. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion