Apptio, which knows how to gauge the total cost of IT services, has gotten a mighty $45 million E round that it means to invest in its platform and its international expansion, immediately in Western Europe.
Counting the new money the company has now seen $136 million in funding since late 2007.
The latest round was led by new investments from funds managed by Janus Capital, the Hillman Company, and a secret unnamed global institutional investor.
Existing investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group, Shasta Ventures and T. Rowe Price also kicked in.
Apptio figures “IT costs are moving from fixed to variable, computing assets are shifting from owned to shared, and business executives increasingly expect the CIO to play a more strategic role, spending less resources ‘keeping the lights on’ and more on innovation that drives the business forward.” It positions its TBM widgetry as a “must have” set of business management applications and analytics for the Global 2000.