Google Apps reseller Cloud Sherpas raises $40M
The start-up, which helps companies move to cloud services like Google Apps and Salesforce.com, also acquired CloudTrigger -- its eighth but not last buy.
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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. The CloudTrigger acquisition is the company's eighth in a year and a half.
The new acquisition brings Cloud Sherpas new customers in southern California, including AOL, USA Today, and Riverbed Technology. The company has 3,000 clients so far and has moved 2 million of its clients' employees to cloud services. Its biggest clients are Office Depot, Commonwealth Bank, and Fairfax Media, the company said.