Digital Fuel

Last updated
Digital Fuel
Company type Private
Industry Software as a service
Founded2000
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]

Contents

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. [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

References

  1. 1 2 3 Prickett Morgan, Timothy (14 June 2011). "VMware eats Digital Fuel". TheRegister.
  2. ↑ Goolsby, Kathleen. Outsourcing Journal, (6/08) "How Service Management Software Solutions Enhance Outsourcing Relationships"
  3. ↑ Dubie, Denise. "Gaining better insight into the cost of IT". Network World. Archived from the original on 2012-10-13. Retrieved 2025-10-18.
  4. ↑ "Digital Fuel Streamlines IT Spending for Businesses". it.tmcnet.com. Retrieved 2025-05-12.
  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. ↑ "VMware buys Digital Fuel to make cloudonomics easier". GigaOM. Archived from the original on 2011-06-14. Retrieved 2025-10-18.
  7. ↑ "Broadcom News & Stories". Broadcom News and Stories. Retrieved 2025-10-18.
  8. ↑ 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
  9. ↑ "Apptio acquires former VMware spinoff Digital Fuel for $42.5M". GeekWire. 2018-02-02. Retrieved 2021-01-29.
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