Apptio Named a Leader in Cloud Cost Management Optimization by Independent Research Firm
Apptio Cloudability Received Top Score in Cloud Forecasting Criterion and Highest Scores Possible in Billing and Performance Criteria
Apptio, a leading provider of technology business management (TBM) solutions that help organizations analyze, plan, and optimize technology spend, has been named a Leader by Forrester Research, an independent research firm, in The Forrester Wave™: Cloud Cost Management And Optimization, Q4 2020.
The Forrester Wave™ evaluated eight cloud management solutions based on 27 criteria, grouped into three high-level categories: current offering, strategy, and market presence. Apptio Cloudability received the highest scores possible in 11 criteria, including billing, performance, reporting, and cost planning and assessment capabilities.
As noted in the report, “Apptio is the predominant player in the IT financial management (a.k.a. technology business management) market. In 2017, it entered the public cloud CCMO space, where it has since bolstered its offerings by acquiring FittedCloud in 2018 and Cloudability in 2019.” The report also notes that Apptio has “bolstered its senior leadership with hires from Amazon, Google, and Microsoft to deepen partnerships and accelerate traction.”
“Cloud adoption is increasing across organizations of all types and sizes—and for good reason, as it drives speed and flexibility in pursuit of innovation and other business objectives,” said Scott Chancellor, chief product and technology officer at Apptio. “Cloud cost management and optimization are critical aspects of a comprehensive and well-formed cloud strategy and should be top of mind for decision-makers throughout all phases of cloud adoption. We are proud to be recognized as a leader in The Forrester Wave™ for what we consider to be our unrivaled cloud financial analysis, planning, and optimization capabilities across cloud providers.”
Apptio Cloudability enables organizations to bring financial accountability to cloud, enabling IT, finance and DevOps teams to tune cloud deployments for speed, cost, and quality. It is built to help businesses improve the unit economics of cloud and translate cost and operational data into performance indicators that reveal the business value of cloud investments.