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General Atlantic And Sequoia Put $60M In Enterprise Cloud Consultancy Appirio

Cloud solution provider and consultancy Appirio is announcing $60 million in new funding led by private equity firm General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. This brings Appirio's total investment to over $70 million. Previous investors include Salesforce. Appirio works with organizations such as Facebook, NYU, Thomson Reuters and Home Depot to adopt, build, and manage public cloud applications and platforms like Salesforce.com, Google and Workday. The company has moved over 1.5 million people to the cloud since its inception.
appirio

Cloud solution provider and consultancy Appirio is announcing $60 million in new funding led by private equity firm General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. This brings Appirio’s total investment to over $70 million. Previous investors include Salesforce.

Appirio works with organizations such as Facebook, NYU, Thomson Reuters and Home Depot to adopt, build, and manage public cloud applications and platforms like Salesforce.com, Google and Workday. The company has moved over 1.5 million people to the cloud since its inception.

In 2011, Appirio grew revenue by over 80 percent, expanded into Europe with the acquisition of Saaspoint and developed the Cloud Enablement Suite, which is an integrated set of applications that supports enterprise cloud development. Additionally, the company introduced CloudSpokesm a crowdsourcing community for cloud development.

Appirio plans to use the funds for acquisitions as well as further investment in global expansion of its consulting practice areas, as well as to build out the company’s enabling cloud technology and acceleration of CloudSpokes. Customers include BMC Software, Japan Post, Medtronic, Flextronics, Twitter, Merkle and NetApp.



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