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Appirio Gets a Whopping $60 Million Investment

Most of it is coming from the private equity firm General Atlantic with Sequoia and GGV Capital kicking in

Cloud house Appirio, which has already seen $16.7 million in VC money come rippling in, a bit of it from Salesforce.com at the beginning, is getting a delicious $60 million D round from its existing investors.

Most of it is coming from the private equity firm General Atlantic with Sequoia and GGV Capital kicking in.

It may be the largest single round investment ever put in a cloud start-up. At least Appirio thinks so.

Appirio gets concerns up and running on cloud apps like Salesforce, Google, Amazon and Workday, tailoring solutions to their needs.

It's got 300 customers including plums like the City of Los Angeles, Facebook, Twitter, Flextronics, Home Depot, Japan Post Network, L'Oreal, NetApp, New York University, Starbucks, Thomson Reuters and VMware.

They are serviced by Appirio's ~500 cloud experts on staff and CloudSpokes, a 35,000-person cloud developer community from 65 countries that Appirio challenges to compete to develop cloud apps for its customers. It pays bounties.

It's supposed to make Appirio agile and disruptive compared to stodgy competitors like the way larger legacy-saddled Accenture and Deloitte.

Twitter's president of global revenue Adam Bain said in Appirio's announcement that it has "helped us scale our operations and execute solutions as quickly as we can think of them."

Appirio claims it's moved 1.5 million people to the cloud since it got started in '06 and figures it's still early in terms of overall enterprise cloud adoption.

The new money is supposed to underwrite the international expansion of its consultancy, M&A, product development and push its key crowdsourcing platform for cloud development.

Appirio says its undisclosed revenues last year were up over 80%. It expanded into Europe with the acquisition of Saaspoint and developed a Cloud Enablement Suite (CES), an integrated set of applications, assets and development capacity that supports enterprise cloud development.

General Atlantic is invested in Facebook and Alibaba.

Appirio just hired Mark O'Connor out of Nuance as CFO.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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