Saturday, March 17, 2012

General Atlantic Leads Appirio Venture Capital Round | Business 2 ...

Sometimes, it?s worth it to keep your head in the clouds. This sure worked for Appirio ? the company just raised $60 mn in a Series D venture capital round led by General Atlantic. The Silicon Valley company provides services that support cloud computing. Other participants in the round include GGV Capital and Sequoia Capital, both of which are existing investors.

Revenue at Appirio is up 80 percent YOY, and CloudSpokes, its crowdsourcing community for cloud development, now boasts more than 35,000 developers. The company has impressive system integrator relationships (including Deloitte and Accenture), and among its clients are Google, Workday, BMC Software and NetApp.

And Twitter.

According to Twitter?s chief revenue officer, Adam Bain: ?Twitter is redefining an industry and wants to work with service providers that are agile enough to evolve and define our business processes.?, He adds, ?Appirio has become a trusted adviser and partner, helping us scale our operations and execute solutions as quickly as we can think of them.?

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Source: company statement (email)

Source: http://www.business2community.com/finance/general-atlantic-leads-appirio-venture-capital-round-0147831

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