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Appirio Raises $60M Series D Financing

By TechTaffy Desk

[Techtaffy Newsdesk]

Appirio, a technology-enabled services provider, has closed $60 million in Series D funding led by General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. Appirio says it plans to use the funds for investment and M&A to support global expansion of its consulting practice areas, as well as to build out the company’s enabling cloud technology and acceleration of its crowdsourcing development platform – CloudSpokes.

In 2011 Appirio increased year-over-year revenue by over 80 per cent, expanded into Europe with the acquisition of Saaspoint and developed the Cloud Enablement Suite (CES), says the company. Additionally, Appirio introduced CloudSpokes – a crowdsourcing community for cloud development that has already attracted 35,000+ developers.

Chris Barbin (CEO, Appirio): Enterprises are demanding to work with a trusted, agile cloud advisor and we fill that role. Just as legacy software providers have struggled to add cloud to their legacy businesses, the global system integrators, including Accenture and Deloitte, will be challenged to overcome their on-premise dependency and adapt to the rapidly changing market and customer demands related to the cloud.

Brett Rochkind and Gary Reiner led GA’s investment in Appirio and will be actively involved with Appirio.

[Image Courtesy: Appirio]

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