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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

November 18, 2013 at 11:57 AM

Apptio scales up, steers toward IPO with Microsoft, Amazon vets

Bellevue enterprise software startup Apptio today announced the addition of prominent Microsoft and Amazon.com vets to help scale up the company and prepare for a likely public stock offering.

Among the additions are former Microsoft Chief Financial Officer Peter Klein, who is joining Apptio’s board of directors.

The announcement didn’t specify Apptio’s IPO plans, but it dropped plenty of hints. It noted that Klein’s experience included a stint at Homegrocer.com where he “helped lead the company through a successful IPO and acquisition.”

Apptio’s new chief financial officer is Sean Boyle, former vice president of investor relations at Amazon.com. Earlier Boyle was finance leader of Amazon Web Services.

The company also hired Ted Kummert, one of the most eligible cloud engineers in the Seattle area, to lead its global engineering and software-as-a-service practice. He will be executive vice president for engineering and cloud operations.

Kummert is a former vice president of Microsoft’s data platform group who led development of enterprise products such as Azure Data Services, SQL Server and business-intelligence offerings. He’s been a free agent and partner at Madrona Venture Group since he left Microsoft in February.

“The collective experience of these executives will complement our vision for aggressive market growth and will bolster the expertise of our board and leadership team,” Apptio Chief Executive Sunny Gupta said in the release.

Boyle said Apptio’s rapid evolution “has been truly remarkable and one of a kind.”

“The task at hand now,” he said in the release, “is to intensify that success and manage the flawless execution of financial strategy so we are continuously improving in how we serve our customers.”

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