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Apptio CEO Named Ernst & Young Entrepreneur of the YearSunny Gupta Recognized for Entrepreneurial Success and Commitment to Business and Community (June 18, 2012)
BELLEVUE, WA -- (Marketwire) -- 06/18/12 -- Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that Sunny Gupta, co-founder, president and CEO, was named an Ernst & Young Entrepreneur of the Year® 2012 Pacific Northwest Award winner. The awards program recognizes entrepreneurs who demonstrate extraordinary success and excellence in areas such as innovation, financial performance and personal commitment to their businesses and communities. Gupta was selected from nearly 90 nominations by a panel of independent judges consisting of previous award winners, leading CEOs, private capital investors and other regional business leaders. Winners were recognized at a special award gala on June 15 at the Hyatt Regency in Bellevue, Wash.
"The Ernst & Young Entrepreneur of the Year award is one of the highest honors an entrepreneur can receive based on the program's legacy of identifying the world's next great business leaders," said Matt McIlwain, Apptio board member and managing director at Madrona Venture Group. "Sunny has created a highly transparent company culture where his infectious passion drives a new level of success for Apptio's customers, partners and employees. I am continually impressed by his laser focus on building the new category of Technology Business Management, and his unwavering commitment to grow Apptio into the next major enterprise software company."
Gupta began his career in enterprise software more than 20 years ago, serving in numerous general management, strategic marketing, product management and business development roles. Before Apptio, he served as EVP Products at Opsware up to the company's acquisition by HP for over $1.6 billion. Prior, Gupta was the co-founder and CEO of iConclude, which pioneered the IT runbook automation market. Less than two years after iConclude's inception, Gupta successfully brokered its acquisition by Opsware for approximately $70 million. He has also held senior leadership positions in products, business development and engineering at Mercury Interactive, Rational Software, and IBM.
In 2007, Gupta co-founded Apptio after holding numerous meetings with Fortune 1000 CIOs which revealed a significant business need for greater transparency and insight into their technology spend. Under Gupta's leadership, Apptio has achieved significant momentum. Backed by $91M in funding from Andreessen Horowitz, Greylock Partners, Madrona Venture Group, T. Rowe Price and others, Apptio has pioneered the Technology Business Management software category. Over 90 enterprise customers, including Bank of America, Boeing, Facebook, Microsoft, The Clorox Company, and JPMorgan Chase, use Apptio to manage and communicate the cost, quality and value of IT services. In response to strong market demand, Apptio has nearly tripled its employees from 115 in December 2010 to more than 300 today.
Regional award winners are honored each year in June, with the awards program culminating with the national awards in November. The US Entrepreneur of the Year Award winner then moves on to compete for the World Entrepreneur of the Year Award. Now in its 26th year, the Entrepreneur of the Year Program recognizes business leaders in over 140 cities in more than 50 countries around the world. The program has honored the inspirational leadership of such entrepreneurs as Jeff Bezos of Amazon.com, Michael Dell of Dell Inc., Larry Page and Sergey Brin of Google, and Reid Hoffman and Jeff Weiner of LinkedIn.
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, JPMorgan Chase, Microsoft, St. Luke's Health System, and Swiss Re rely on Apptio to reduce costs and align IT with business priorities. For more information, visit the Apptio website or the Apptio blog.
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