Google Apps reseller Cloud Sherpas raises $40M
Cloud Sherpas, a startup that helps customers move to Google Apps and Salesforce.com, raised $40 million in second-round funding and acquired a rival, CloudTrigger.
The 350-employee company plans to use the money to fuel further acquisitions and to expand its existing business, a move that it expects will increase 2013 revenue to $100 million.
First-round investors Columbia Capital and Delta-V Capital invested in the second round as well, and new investors Greenspring Associates and Queensland Investment Corporation joined. Cloud Sherpas didn't disclose the company valuation. It's raised $80 million in total so far.
Acquisition is par for the course at Cloud Sherpas. … Read more