Cloud Sherpas Raises $40 Million, Acquires Cloudtrigger
Cloud brokerage service Cloud Sherpas has raised $40 million in funding. The company has also made their eighth acquisition. This round of funding was led by Greenspring Associates and the company has raised a total of $62.6 million thus far. Columbia Capital and Delta-V Capital are existing investors that joined this round. Australian institutional investor Queensland Investment Corporation participated in this round of funding also.
Cloud Sherpas acquired Cloudtrigger, which is a consulting company that focuses on Salesforce.com Service Cloud customers. Cloud Sherpas was formed after the company merged with a New York based cloud services company called GlobalOne earlier this year. When the merger happened, Cloud Sherpas received a $20 million investment from Columbia. Columbia put $15 million into GlobalOne last year.
“There was big interest in the funding,” stated Cloud Sherpas CEO David Northington in an interview with Forbes. “It’s a validation of our performance.” Cloud Sherpas has over 3,000 customers and they are expected to hit over $100 million in 2013 revenues.