Bellevue-based tech spending software company Apptio has acquired Cloudwiry, a cloud cost savings company based in Austin, Texas.
With the acquisition, which was announced Monday but closed in December, Apptio now has more than 1,400 employees, according to a company spokesperson. Cloudwiry has more than 20 employees, all of whom are joining Apptio.
“Our customers increasingly rely on Apptio for visibility, optimization and automation to manage their public cloud spend,” Sunny Gupta, Apptio's CEO, said in a news release. He added that, with the acquisition, "we are able to provide customers with unparalleled visibility, insights, planning, optimization and automation capabilities for reservations and savings plans."
The spokesperson added Cloudwiry will drop its brand and adopt Apptio's, and Cloudwiry will stop operating as an independent company. The companies aren't disclosing the financials of the deal.
Cloudwiry, founded in 2016, helps clients manage their cloud spending. The company's technology helps with advice and finding the best rates, and it benchmarks clients' spending against industry peers. Cloudwiry also alerts engineering teams about cost increases. Its clients include the financial technology company Alkami Technology and the business software company Aurea.
Apptio, meanwhile, was founded in 2007. The company helps its customers monitor and understand their technology spending, with the goal of helping clients get the most out of their tech investments. In addition to services around cloud costs, Apptio helps with IT costs and planning. Apptio's customers include Bank of America and FedEx.
Aditya Datta, founder and CEO of Cloudwiry, said in the release the two companies "have a shared passion for helping customers increase productivity, reduce waste, and save money.”
Apptio went public in 2016, but the company went private when it was acquired by Vista Equity Partners in a $1.94 billion deal that closed in 2019. Last year, Apptio downsized its Bellevue office footprint at Plaza East by more than 30% to 60,100 square feet.
