Press Releases

Thursday, March 15, 2012

Appirio Raises $60 Million In Series D Funding Led By General Atlantic

New Funding Will Fuel Appirio’s International Expansion, Investments in Technology and Crowdsourcing Platform For Cloud Development

San Mateo, Calif. - March 15, 2012 - Appirio, a technology-enabled services provider that helps enterprises power their business with the cloud, today announced that it has closed $60 million in Series D funding led by global growth investor General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. Appirio 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 crowdsourcing development platform - CloudSpokes.

The financing follows a banner year of growth for Appirio. In 2011 alone, Appirio increased year-over-year revenue by over 80 percent, expanded into Europe with the acquisition of Saaspoint 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 crowdsourcing community for cloud development that has already attracted 35,000+ developers.

Mark O’Connor to Join Appirio as Chief Financial Officer

Executive Drawn by Company’s Market Leadership and Growth in Cloud Brokerage Market

San Mateo, Calif. - March 15, 2011- Appirio, a technology-enabled services provider that helps enterprises power their business with the cloud, today announced the appointment of Mark O’Connor as Chief Financial Officer. The announcement comes on the heels of Appirio closing a $60 million funding round led by global growth investor General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. O’Connor, who brings more than 20 years of finance experience in various high growth companies, will join Appirio on March 19. His appointment will support Appirio’s projected growth and global expansion of company initiatives.

O’Connor joins Appirio from Nuance Communications where he served in the office of the CEO as chief of staff and vice president of operations and previously the vice president of finance and operations of its enterprise division. He also served as CFO for BeVocal and Appshop. O’Connor brings tremendous finance and operations experience from International Networking Services, where he was part of the hybrid products and services business when it grew from a few employees to more than 2,000 in nearly three years.
 
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