Apptio Obtains $96,000,000 New Financing Round

  • Feed Type
  • Date
    9/23/2016
  • Company Name
    Apptio
  • Mailing Address
    11100 Northeast 8th Street Bellevue, WA 98004 USA
  • Company Description
    Use Apptio (NASDAQ: APTI) to Evaluate and Manage Your Portfolio of IT Investments Through an Integrated View of IT Cost, Performance, Supply, and Demand
  • Website
    http://www.apptio.com
  • Transaction Type
    IPO
  • Transaction Amount
    $96,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The principal purposes of this offering are to create a public market for our Class A common stock, facilitate our future access to the public capital markets and improve brand awareness, as well as to obtain additional capital. We intend to use the net proceeds to us from this offering to repay $20.2 million principal and prepayment fees for amounts borrowed under our credit facilities, and the remainder for working capital and general corporate purposes. Other than the repayment of indebtedness we have not quantified or allocated any specific portion of the net proceeds or range of net proceeds to any particular purpose. Additionally, we may choose to expand our current business through acquisitions of, or investments in, other complementary businesses, technologies, or other assets. However, we currently have no agreements or commitments with respect to any such acquisitions or investments.
  • M&A Terms

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