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Apptio Appoints Bob Kimball as Executive Vice President of Operations & Corporate Development

Former CEO of RealNetworks to Lead Corporate Operations for Fast Growing Technology Business Management Provider (April 25, 2012)

SEATTLE, WA -- (Marketwire) -- 04/25/12 -- Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced the appointment of former RealNetworks CEO Bob Kimball as Executive Vice President of Operations & Corporate Development. In this role, Kimball will be responsible for leading all corporate operating functions for Apptio, including Finance, Legal, Human Resources, Information Technology, Corporate Development and Business Development.

"In the past year, we have more than doubled our revenues, customer base, and staff as the Technology Business Management revolution takes off. But this is just the starting line. To create scalable growth at these rates, we must mature all operational functions of our business to meet demand and ensure that all of our customers remain wildly successful," said Sunny Gupta, co-founder, president and CEO of Apptio. "Bob is a smart, creative, and energetic leader who has a wealth of experience driving operational excellence in high-growth technology companies. We couldn't be more excited to have someone of Bob's caliber join Apptio as we take our business to the next level."

Prior to joining Apptio, Kimball served as President and Chief Executive Officer of RealNetworks since January 2010 where he led a comprehensive turnaround effort to overhaul and simplify a complex collection of digital media-related business, removing $70 million in annualized operating expenses. Kimball joined RealNetworks at the beginning of the digital media revolution in 1999 and served as a member of the senior executive team since 2003, including as Executive Vice President and Senior Vice President. Kimball began his technology career at IBM and has also served on the Boards of Directors or Advisory Board for a variety of technology companies and trade associations, including RealNetworks, Rhapsody International, Likewise Software, the Digital Media Association, and the Software Division of the Software and Information Industry Association (SIAA). Bob holds a B.A. with distinction from the University of Michigan and a J.D., magna cum laude, from the University of Michigan Law School.

"This is a rare opportunity to join a company that has literally created a new enterprise software category: Technology Business Management -- a rich platform that enables CIO's to manage their complex operations like a business," said Bob Kimball, Executive Vice President for Apptio. "I'm extremely excited about the opportunity. Apptio has to continue to lead the TBM revolution while becoming a large-scale, world-class company along the way. I've been impressed with Apptio's deep commitment to their customers, their innovative approach to software solutions and their sheer desire to win."

About Apptio
Apptio is the leading independent provider of on-demand Technology Business Management (TBM) solutions for managing the business of IT. Apptio enables IT leaders to manage the cost, quality and value of IT Services by providing deep visibility into the total cost of IT services, communicating the value of IT to the business through an interactive "Bill of IT," and strategically aligning the planning, budgeting and forecasting processes. Apptio's TBM solutions play a critical role in helping companies understand and drive chargeback, virtualization, Cloud and other key technology initiatives. Global enterprise customers such as Bank of America, Boeing, Cisco, Clorox, Facebook, JPMorgan Chase, Microsoft, St. Luke's Health System, and Swiss Re rely on Apptio to manage more than $101 billion in annual IT spending. For more information, visit the Apptio website or the Apptio blog.

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Lindsey Bradshaw
Barokas PR for Apptio

Copyright @ Marketwire

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