Cloud Sherpas Secures $40M Funding & Acquires CloudTrigger to Expand Cloud Brokerage
Major Funding Round and Strategic Acquisition
Cloud Sherpas, a leading cloud services provider, has raised $40 million in a funding round led by Greenspring Associates, bringing its total funding to $62.6 million. Existing investors Columbia Capital and Delta-V Capital participated, alongside Queensland Investment Corporation, an Australian institutional investment manager.
Simultaneously, the Atlanta-based company announced its eighth acquisition: CloudTrigger, a San Diego-based consulting firm specializing in Salesforce.com Service Cloud implementations.
A History of Growth Through Mergers
Cloud Sherpas itself emerged from a merger earlier in 2012 with GlobalOne, a New York-based cloud services firm. That deal was backed by a $20 million investment from Columbia Capital, which had previously invested $15 million in GlobalOne.
Why Cloud Brokerage Is Booming
The cloud services market is experiencing explosive growth as businesses rapidly transition from legacy systems like Microsoft Office and on-premise CRM solutions to cloud-based platforms such as Google Apps and Salesforce.com. However, migrating and integrating these systems presents significant challenges for IT teams.
The Cloud Sherpas Advantage
Unlike traditional consulting firms that focus on costly, complex enterprise software deployments, Cloud Sherpas operates as a cloud brokerage, offering:
- Specialized extensions for platforms like Salesforce.com (e.g., CloudTrigger’s geospatial capabilities)
- Streamlined business processes for cloud integration
- Cost-effective solutions compared to legacy IT consulting
Positioning in a Competitive Market
Cloud Sherpas occupies a unique niche between enterprise IT and cloud providers, differentiating itself from traditional consultancies like Deloitte. Compe*****s such as Appirio are also thriving in this space, with opportunities expanding into adjacent markets like Workday’s workforce management solutions.
Scaling for the Future
With 350 employees and plans to exceed 500 in the next year, Cloud Sherpas combines consulting expertise with scalable cloud services. Its investor base reflects its hybrid model—prioritizing people-driven solutions over pure software sales.
The Future of Cloud Brokerage
The cloud brokerage sector shows no signs of slowing down, with businesses increasingly relying on intermediaries to navigate complex cloud migrations. As demand grows, Cloud Sherpas is well-positioned to capitalize on this long-term market opportunity.
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