Apptio extends its market leadership in
FinOps, strengthening cloud savings automation with new
acquisition
BELLEVUE, Wash., Jan. 9, 2023
/PRNewswire/ -- Apptio, Inc., the leading provider of
technology business management (TBM) applications, today announced
that it has acquired Cloudwiry, a market leader in multi-cloud
savings automation and FinOps. Founded in 2016, Cloudwiry automates
commitment management and optimization on behalf of its enterprise
customers, maximizing savings, reducing risk, and increasing
flexibility.
"As broad macroeconomic headwinds continue to present
themselves, our customers increasingly rely on Apptio for
visibility, optimization, and automation to manage their public
cloud spend," said Sunny Gupta,
Apptio CEO. "By pairing Apptio's market-leading Cloudability with
Cloudwiry, we are able to provide customers with unparalleled
visibility, insights, planning, optimization, and automation
capabilities for reservations and savings plans, helping customers
deploy the most efficient cloud infrastructure footprint to fuel
innovation and meet business demands."
Based in Austin, Cloudwiry was
founded with the intention of simplifying the biggest cloud cost
challenges through automation and innovation. Cloudwiry recognized
sources of waste and inefficiency in the cloud and the subsequent
need for automated financial management and enhanced cost insights.
Addressing this need, Cloudwiry developed a platform centered
around automated rate optimization, rightsizing, and interactive
inventory capabilities across AWS, Azure, and GCP. Cloudwiry helps
companies better manage reserved instances and savings plans
through the Cloudwiry Savings Autopilot tool, allowing many to
reach 95%+ coverage and 99% utilization.
"Not only do strong synergies exist between the Apptio and
Cloudwiry products, but we also have a shared passion for helping
customers increase productivity, reduce waste, and save money,"
said Aditya Datta, founder and CEO of Cloudwiry. "Cloudwiry was
built to automate cloud financial instruments like reserved
instances and savings plans so that FinOps practitioners could
focus their time on more important priorities and companies could
recognize more meaningful savings with better coverage and
utilization."
Together, Cloudwiry and Apptio will empower thousands of
customers all around the world to drive financial and operational
excellence in cloud and hybrid environments with the market's most
mature and powerful platform.
This transaction closed on December 22,
2022. Cloudwiry will no longer operate as an independent
company but will now be integrated into Apptio.
About Cloudwiry
Cloudwiry is a cloud cost management and optimization company
that delivers autonomous cloud spend optimization. The solution
advises, customizes, and automates multi-cloud FinOps best
practices, providing coverage across FinOps reporting,
categorization, and financial automation. Through Cloudwiry's
automated rate optimization capabilities, their customers recognize
immediate and incremental cost savings, added flexibility, and
outsourced management of reserved instances and savings plans.
Cloudwiry was founded in 2016 and is based in Austin, Texas. For more information, please
visit https://cloudwiry.com/.
About Apptio
Apptio gives you the power of trusted, actionable insights to
connect your technology investment decisions to drive better
business outcomes. More than 60 percent of Fortune 100 enterprises
trust Apptio to manage spend across the entire IT portfolio and
beyond so they can focus on delivering innovation. Apptio
automatically ingests and intelligently structures vast amounts of
enterprise and technology-specific spend and operational
data. Apptio enables users across disciplines to report,
analyze, plan, and govern their investments collaboratively,
efficiently, and with confidence. Learn more
at www.Apptio.com.
Apptio Media Contact
Jas
McDonald
pr@apptio.com
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SOURCE Apptio