Salesforce.com Invests in Cloud Integration Platform Appirio
Cloud integration platform provider Appirio is expanding its footprint in the Europe and Asia Pacific regions, thanks to a strategic investment on the parts of cloud CRM provider Salesforce.com and VC firm GGV Capital. Both Salesforce and GGV were existing investors in Appirio.
Chris Barbin, CEO of Appirio, had this to say on the announcement’s timing in a prepared statement:
“Cloud computing is already almost a $70 billion market, but it’s still early days in the overall shift happening in IT – especially outside the U.S. When companies see the impact of powering their business with the cloud, that shift will only accelerate and they’ll need a cloud-focused partner to help them.”
The money apparently will be used for both organic and inorganic growth, so watch for further news of Appirio acquisitions. According to the press release, Appirio has had a presence in Japan since opening a Tokyo regional office in 2008, but this move will see the company expand greatly in the region. What we don’t know is how much Appirio raised in this round, as the company is keeping that information under its hat.
As a refresher, Appirio’s value proposition mainly involves its CloudWorks platform, which integrates various and sundry SaaS applications with each other and on-premises systems, addressing data siloing issues.
Stay tuned for more on both Appirio and Salesforce.com, especially as both will be out in, ahem, force at this week’s Dreamforce ’11.