IT business Management firm Apptio (APTI) has had a roller coaster ride in the past few years. Founded in 2007, Apptio had listed on the Nasdaq in 2016. The company continued to gain valuation while being listed. But last year, it agreed to be acquired by private equity firm Vista Equity Partners in a move that has been questioned by shareholders. Late last year, shareholders even filed a lawsuit challenging the acquisition.
Apptio's Financials
Prior to being acquired, Apptio had announced its third quarter results that surpassed market expectations. Revenues for the quarter grew 26%