The Cisco-backed IT business management software producer has raised more than $135m in VC funding
Apptio, a US-based technology business management software provider backed by networking equipment manufacturer Cisco, filed for a $75m initial public offering on Nasdaq on Friday.
Founded in 2007, Apptio produces strategic business management software that helps IT departments analyse and plan technology investment and compare performance to comparative businesses.
The company made a $14.9m net loss in the first half of 2016 from $75.6m in revenue, cutting losses year on year while increasing sales.
The IPO will follow approximately $136m…
