Appirio to Expand Globally with $60 Million Series D Funding


Fremont: Appirio, a technology-enabled services provider that helps enterprises power their business with the cloud, closed $60 million in Series D funding led by global growth investor General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. The company 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 successful crowd sourcing development platform - CloudSpokes.

In 2011, the company increased its revenue by over 80 percent, expanded into Europe with the acquisition of SaaS point and developed the Cloud Enablement Suite (CES) - an integrated set of applications, assets and development capacity that supports enterprise cloud development. Additionally, the company introduced CloudSpokes - a crowd sourcing community for cloud development that has already attracted 35,000+ developers.

Since the company was established in 2006, Appirio has worked on some of salesforce.com, Google and Workday’s global customers, including BMC Software, Japan Post, Medtronic, Flextronics, Twitter, Merkle and NetApp. Its team has moved more than 1.5 million users to the public cloud to date and has offices in the U.S., Japan, Singapore and the U.K. with crowd sourced developers in 65+ countries.

“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,” says Chris Barbin, CEO, Appirio.

Brett Rochkind and Gary Reiner led GA’s investment and will be actively involved with Appirio. Reiner will join Appirio’s board of directors immediately. He previously served as senior vice president and CIO of GE, where he led M&A, sourcing, IT, operations and quality for the company.