Digital Fuel
| Company type | Private |
|---|---|
| Industry | Software, IT financial management |
| Founded | 2000 |
| Founder | Benny Lehmann, Israel Dancziger, Gilad Raz, Yakov Kogan |
| Headquarters | Los Angeles , United States |
| Products | ServiceFlow software, IT financial management solutions |
| Owner | Apptio, Inc. |
Digital Fuel is a provider of IT financial management software, with its main office located in Los Angeles, California.
History
Established in 2000 by Benny Lehmann, Israel Dancziger, Gilad Raz, and Yakov Kogan—who served respectively as CEO, CTO, and VP of engineering—Digital Fuel originally offered its ServiceFlow software to corporate IT departments and service providers to manage service level agreements (SLAs) within outsourcing contracts.
By 2008, the company broadened its offerings to include IT financial management solutions designed to enhance transparency around IT expenditures.
Digital Fuel attracted more than $30 million in investments from firms including Apax Partners, Benchmark Capital, Israel Seed Partners, and Sigma Partners.
In June 2011, VMware acquired Digital Fuel for $85 million. Subsequently, Skyview Capital purchased the company from VMware in September 2016. Later, in February 2018, Apptio, Inc. took ownership of Digital Fuel from Skyview Capital.
See also
- Online financial services companies of the United States
- Information technology management
- Software companies based in the San Francisco Bay Area
- 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
- American companies established in 2000
- Financial software companies
- Defunct computer companies based in California