Digital Fuel
 | |
| Company type | Privately held |
|---|---|
| Industry | Software and programming |
| Founded | 2000 |
| Headquarters | , United states |
Number of locations | Global |
| Products | IT financial management SaaS solutions |
| Parent | Skyview Capital LLC |
| Website | www |
Digital Fuel is a provider of IT financial management SaaS software for planning, billing. 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, 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
[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"
- ^ Robart, Michel. TMC Net, (10/24/08) "Digital Fuel Streamlines IT Spending"
- ^ 7. Dubie, Denise. Network World, (8/11/2009) "Gaining better insight into the cost of IT"
- ^ 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.
- ^ Derrick Harris, GigaOm. "VMware buys Digital Fuel to make cloudonomics easier." June 13, 2011. Retrieved June 13, 2011.
- ^ PR. PALO ALTO, Calif., June 13, 2011 VMware To Acquire Digital Fuel, IT Financial and Business Management SaaS Company
- ^ 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.
- Online financial services companies of the United States
- Information technology management
- Software companies based in California
- Companies based in San Mateo, California
- Software companies established in 2000
- 2000 establishments in California
- Software companies of Israel
- Defunct software companies of the United States
- 2000 establishments in the United States
- American companies established in 2000