AUSTRALIA & NEW ZEALAND – January 10, 2023 -- 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 optimisation on behalf of its enterprise customers, maximising savings, reducing risk, and increasing
flexibility.
“As broad macroeconomic headwinds continue to present themselves, our customers increasingly rely on Apptio for
visibility, optimisation, and automation to manage their public cloud spend,” said Sunny Gupta, CEO at Apptio. “By
pairing Apptio’s market-leading Cloudability with Cloudwiry, we are able to provide customers with unparalleled
visibility, insights, planning, optimisation, 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 recognised 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 optimisation, 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 per cent-plus
coverage and 99 per cen utilisation.
“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 at 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 recognise more meaningful savings
with better coverage and utilisation.”
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 optimisation company that delivers autonomous cloud spend optimisation. The
solution advises, customises, and automates multi-cloud FinOps best practices, providing coverage across FinOps
reporting, categorisation, and financial automation. Through Cloudwiry’s automated rate optimisation capabilities, its
customers recognise 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, analyse, plan, and govern their investments collaboratively, efficiently, and with confidence.
Learn more at www.Apptio.com.