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Wipro has signed a definitive agreement to acquire cloud services company Appirio for $500 million. Appirio has been a strategic partner of Salesforce since 2006. The company partners with Workday, Google, and Amazon, as well. Appirio is also the parent company of TopCoder, an online marketplace and community for designers and developers with roughly a million members. Appirio is headquartered in Indianapolis, with offices in San Francisco, Dublin, London, Jaipur, and Tokyo. The company has 1250 employees worldwide. Appirio customers include Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation, according to the company. The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to be closed in the quarter ending December 31, 2016. William Blair acted as financial advisor to Appirio during the transaction.
Appirio, a technology-enabled services provider, has closed $60 million in Series D funding led by General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. Appirio says it plans to use the funds for investment and M&A to support global expansion of its consulting practice areas, as well as to build out the company’s enabling cloud technology and acceleration of its crowdsourcing development platform - CloudSpokes. In 2011 Appirio increased year-over-year revenue by over 80 per cent, expanded into Europe with the acquisition of Saaspoint and developed the Cloud Enablement Suite (CES), says the company. Additionally, Appirio introduced CloudSpokes - a crowdsourcing community for cloud development that has already attracted 35,000+ developers. Chris Barbin (CEO, Appirio): Enterprises are demanding to work with a trusted,...