Digital_Fuel

Digital Fuel

Digital Fuel

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Digital Fuel is a provider of IT financial management SaaS software for planning, billing. The company's headquarters is in Los Angeles, California.[1]

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History

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, to help corporate IT manage the business value and cost of IT[3] and gain better insight into IT costs.[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

References

  1. [1]
    Prickett Morgan, Timothy (14 June 2011). "VMware eats Digital Fuel". TheRegister.
  2. [2]
    Goolsby, Kathleen. Outsourcing Journal, (6/08) "How Service Management Software Solutions Enhance Outsourcing Relationships"
  3. [3]
    Robart, Michel. TMC Net, (10/24/08) "Digital Fuel Streamlines IT Spending"
  4. [4]
    7. Dubie, Denise. Network World, (8/11/2009) "Gaining better insight into the cost of IT"
  5. [5]
    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.
  6. [6]
    Derrick Harris, GigaOm. "VMware buys Digital Fuel to make cloudonomics easier." June 13, 2011. Retrieved June 13, 2011.
  7. [7]
    PR. PALO ALTO, Calif., June 13, 2011 VMware To Acquire Digital Fuel, IT Financial and Business Management SaaS Company
  8. [8]
    http://www.skyviewcapital.com/news/skyview/ http://www.prweb.com/releases/2016/09/prweb13675102.htm
  9. [9]
    "Apptio acquires former VMware spinoff Digital Fuel for $42.5M". GeekWire. 2018-02-02. Retrieved 2021-01-29.
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