Cherwell Software announced a strategic partnership with Apptio, a provider of cloud-based Technology Business Management (TBM) software that helps CIOs manage the business of IT.
The partnership plus data source integrations bring together the companies’ market-leading technology solutions, providing mutual customers with a comprehensive financial picture of the IT organization and much-needed insight into the cost structure of their IT service operations.
Technology Business Management (TBM) provides the missing link to integrate IT services and empower IT to quantify their contribution to the business. When IT and the business are able to “speak the same language” they can have meaningful conversations about the cost and quality tradeoffs required to optimize “run-the-business” spending, such as maintaining existing applications, and “change-the-business” investments, such as migrating to the public cloud. Combined with ITSM and ITIL, TBM provides a practical, applied approach for maximizing the business value received from every dollar invested in a services portfolio.
Dawson Stoops, Cherwell’s VP of Technical Alliances, commented, “Apptio’s Technology Business Management solution integrated with the Cherwell Service Management platform provides the financial visibility and transparency IT organizations need to effectively measure, improve and communicate their value.” He added, “We are very excited about our partnership with Apptio, and the opportunity for further innovation that meets CIOs’ demands for improved IT financial management, analysis, and oversight.”
“At Apptio, our data-driven applications help IT leaders make informed decisions about their technology investments, drive cloud transformation and propel innovation. We’re working hand in hand with Cherwell to change the nature of the relationship between IT and the businesses they serve.” noted Stan Shull, VP of Business Development at Apptio. “This partnership will enable IT to provide insight into the financial information and metrics that drive quality decisions relating to IT operations and service delivery, reinforcing the strategic value of IT throughout the organization.”
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