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With Apptio, IT Leaders Can Now Quantify The Business Value Of Agile

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With Apptio, IT Leaders Can Now Quantify The Business Value Of Agile
New Application "Apptio Agile Insights" combines Financial and Work Execution Analytics to Optimize Labor Investments and Improve Team Productivity

LAS VEGAS, Nov. 7, 2018 /PRNewswire/ -- Apptio, Inc. (NASDAQ: APTI), the business management system of record for Hybrid IT, today introduced a new product to help technology leaders make more informed decisions around labor investments, team productivity and labor capitalization. This is the first offering in a financial governance vision to align Agile investments with business strategy, track value delivery and optimize labor investment. Apptio® Agile Insights is a SaaS solution that provides a unique combination of financial and execution analytics to measure value delivery, cost of quality and labor utilization.

Apptio (PRNewsFoto/Apptio)

While Agile as a development methodology has existed for many years, organizations are at various stages of maturity in shifting from a project to product mindset. Agile adoption is on the rise, but most organizations haven't yet been able to highlight the impact this has on their IT spend or the overall value to the business. Gartner's "Agile in the Enterprise" survey found that 87% of organizations are still using the annual budgeting process to fund Agile investments, and only 20% are tracking cost by Agile techniques, and using them to track labor capitalization.1  

"Agile is one of the reasons TBM [Technology Business Management] has been successful and important to us," said Wayne Shurts, Sysco's executive vice president and CTO. "It's just a matter of knowing where our money is going, and then being able to find out, 'Is that the best place to spend? Is there a better way to do that?' That is what has resulted in savings."

With Agile Insights, technology leaders can analyze cost and utilization of Agile development resources by integrating financial information with work execution information from Agile Application Lifecycle Management systems (Agile ALM). Agile Insights provides technology leaders with KPIs and trends for agile execution, views that relate agile team activity with cost and delivery and analytics showing progress toward the transition to Agile. With this insight, businesses can optimize labor investments, improve team productivity and inform labor capitalization decisions.

"Businesses today are under tremendous pressure to deliver higher quality products at a faster pace than their competitors. To address this pressure, many organizations are adopting Agile as a solution," said Theo Beack, Apptio's EVP of Products and Engineering. "However, when we talk to customers, we often hear about the challenges with Agile in tracking value delivered and maintaining alignment with business priorities. Agile Insights helps ensure Agile investments are optimized and remain connected with business outcomes."

Apptio Agile Insights is in an Early Adopter program that will be made generally available in early 2019. For more information, please visit: https://apptio.com/solutions/initiatives/devops-agile

About Apptio:

Apptio (NASDAQ:  APTI) is the business management system of record for hybrid IT. We transform the way IT runs its business and makes decisions. With our cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. With Apptio, IT leaders become strategic partners to the business by demonstrating value of IT investments, accelerate innovation and shift their technology investments from running the business to digital innovation. Hundreds of customers choose Apptio as their business system of record for hybrid IT. For more information, please visit www.Apptio.com.

© 2018 Apptio, Inc. All rights reserved. Trademarks and logos are the property of their respective owners.

Forward-looking Statements:

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, such statements may relate to, but are not limited to, plans for growth and future operations, product roadmaps and capabilities, technological capabilities, strategic relationships, and market trends and opportunities, as well as assumptions and investments relating to the foregoing.  Forward-looking statements include all statements that are not historical facts and can be  identified by terms such as "may," "likely," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate" "predict," "project," "potential," "continue," "ongoing" or the  negative of these terms or other similar expressions.

The forward-looking statements contained in this press release reflect our current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. You are cautioned not to place undue reliance on these forward-looking statements.  A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including, but not limited to those factors described in the "Risk Factors" section of our most recent Annual Report on Form 10-K as updated in our subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information become available in the future.

Any unreleased services or features referenced in this press release are not currently available and may not be delivered on time or at all. Customers who purchase our services should make the purchase decisions based upon features that are currently available.

PR Contact:
Ali Shaffer
Apptio, Inc
pr@apptio.com

1 Gartner IT Sourcing, Procurement, Vendor & Asset Management Summit Presentation, Agile Financial Governance: What Changes, What Doesn't, Jim McGittigan, September 2018

 

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SOURCE Apptio