Sunny Gupta Transitions from Apptio CEO to Strategic Advisor for IBM

Sunny Gupta, the founder of Apptio and instrumental in its growth into an enterprise software giant, is stepping down as CEO. While stepping down from his leadership position, Gupta will assume the role of “chairman emeritus Apptio” and serve as a strategic advisor for IBM, which acquired Apptio in 2019.

Gupta took to LinkedIn to reflect on his time at Apptio, emphasizing the company’s commitment to integrity, transparency, and delivering results. He expressed gratitude for the lasting relationships built with customers, employees, and investors throughout his tenure.

Apptio’s software, designed to help customers understand and manage their tech spending, has gained significant traction in the market. The company went public in 2016 and was later sold to Vista Equity Partners for $1.9 billion. With over 1,300 employees and more than 1,800 customers worldwide, including a majority of the Fortune 500 companies, Apptio has solidified its position as a leading provider of technology business management solutions.

Stepping into Gupta’s shoes as CEO is Apptio’s current COO, Ajay Patel, and Larry Blasko, the President of Field Operations. With their extensive experience and knowledge of the company, they are well-positioned to lead Apptio into its next phase of growth and innovation.

Gupta’s contributions to the tech industry extend beyond Apptio. He has served on the board of Gainsight and Securonix, and holds a strategic director position at Seattle-based venture firm Madrona. His expertise and insights have proven valuable in various roles throughout the industry.

The tech industry in the Pacific Northwest is going through other key personnel changes as well. Longtime Costco CFO Richard Galanti is retiring after nearly four decades, making way for Gary Millerchip to take over. Jessica Lanier, formerly of Qualtrics and Usermind, has joined Restaurant365 as CFO. Lucy Hur, previously the chief people officer at Slalom, has become a strategic advisor for Seattle workplace equity startup Syndio. Additionally, Stephanie Mudgett, formerly in communications at Amazon and Startup Weekend, has been appointed as head of global communications and branding at hydrogen fuel cell company Hyzon Motors. Marion Desmazières, a former Amazon manager, has joined Microsoft’s venture fund M12 as a senior portfolio development manager, and Samarth Brahmbhatt, a former research scientist at Intel Labs, has become a technical lead at Seattle robotics startup Overland AI.

While the tech industry is experiencing shifts in leadership, these changes bring new perspectives and opportunities for growth and innovation in the ever-evolving field of technology.

FAQ:
1. Who is stepping down as CEO of Apptio?
– Sunny Gupta, the founder of Apptio, is stepping down as CEO.

2. What will Gupta’s new role be at Apptio?
– Gupta will assume the role of “chairman emeritus Apptio” and serve as a strategic advisor for IBM, which acquired Apptio in 2019.

3. What did Gupta emphasize in his reflection on his time at Apptio?
– Gupta emphasized the company’s commitment to integrity, transparency, and delivering results.

4. What is the main focus of Apptio’s software?
– Apptio’s software is designed to help customers understand and manage their tech spending.

5. When did Apptio go public?
– Apptio went public in 2016.

6. Who will be the new CEO of Apptio?
– Apptio’s current COO, Ajay Patel, will take over as the new CEO, along with Larry Blasko, the President of Field Operations.

7. What other positions and roles has Gupta held in the tech industry?
– Gupta has served on the board of Gainsight and Securonix, and holds a strategic director position at Seattle-based venture firm Madrona.

8. What other key personnel changes are happening in the tech industry?
– Richard Galanti is retiring as CFO of Costco, Jessica Lanier has joined Restaurant365 as CFO, Lucy Hur has become a strategic advisor for Syndio, Stephanie Mudgett has been appointed as head of global communications and branding at Hyzon Motors, Marion Desmazières has joined Microsoft’s venture fund M12, and Samarth Brahmbhatt has become a technical lead at Overland AI.

Definitions:
– Apptio: A technology company that provides software to help customers understand and manage their tech spending.
– COO: Chief Operating Officer, responsible for the daily operations of a company.
– CFO: Chief Financial Officer, responsible for managing a company’s financial operations.

Suggested Related Links:
Apptio Official Website
IBM Official Website
Madrona Venture Group
Costco Official Website
Qualtrics Official Website
Usermind Official Website
Restaurant365 Official Website
Slalom Official Website
Syndio Official Website
Hyzon Motors Official Website
Microsoft M12 Official Website
Overland AI Official Website