 | |
| Company type | Private |
|---|---|
| Industry | Software as a service |
| Founded | 2000 |
| Headquarters | Los Angeles, CA, United states |
| Parent | VMware (2011-2016)
Skyview LLC (2016-2018) Apptio (2018-current) |
Digital Fuel is a provider of IT financial management software. The company's headquarters is in Los Angeles, California.[1]
History
[edit]Digital Fuel was co-founded in 2000 by Benny Lehmann, Israel Dancziger, Gilad Raz and Yakov Kogan who served as the company's CEO, CTO, and vice president of engineering, respectively.[1] Digital Fuel's ServiceFlow software was originally sold to corporate IT teams and to service providers to help them manage service level agreements (SLAs) for outsourcing agreements.[2]
In 2008, Digital Fuel expanded its product line to include IT financial management tools.[3][4]
Digital Fuel has raised over $30m in funding from investors including Apax Partners, Benchmark Capital, Israel Seed Partners, and Sigma Partners.[5]
In June 2011, VMware purchased Digital Fuel for $85 million.[1][6][7]
In September 2016, Skyview Capital acquired Digital Fuel from VMware.[8]
In February 2018, Apptio, Inc. acquired Digital Fuel from Skyview Capital.[9]
See also
[edit]References
[edit]- ^ a b c Prickett Morgan, Timothy (14 June 2011). "VMware eats Digital Fuel". TheRegister.
- ^ Goolsby, Kathleen. Outsourcing Journal, (6/08) "How Service Management Software Solutions Enhance Outsourcing Relationships"
- ^ Dubie, Denise. "Gaining better insight into the cost of IT". Network World. Archived from the original on 2012-10-13. Retrieved 2025-10-18.
- ^ "Digital Fuel Streamlines IT Spending for Businesses". it.tmcnet.com. Retrieved 2025-05-12.
- ^ Security, Aqua. "Aqua Security Raises $30 Million in Series D Funding to Fuel the Expansion of Its Cloud Native Security Platform". www.prnewswire.com (Press release). Retrieved 2021-01-29.
- ^ "VMware buys Digital Fuel to make cloudonomics easier". GigaOM. Archived from the original on 2011-06-14. Retrieved 2025-10-18.
- ^ "Broadcom News & Stories". Broadcom News and Stories. Retrieved 2025-10-18.
- ^ http://www.skyviewcapital.com/news/skyview/ https://www.prweb.com/releases/skyview_capital_acquires_vmware_s_vrealize_business_enterprise_and_it_benchmarking_solutions/prweb13675102.htm
- ^ "Apptio acquires former VMware spinoff Digital Fuel for $42.5M". GeekWire. 2018-02-02. Retrieved 2021-01-29.