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.