Appcelerator Raises $12.1 Million to Drive Mobile Enterprise Platform Growth
and Expand Global Footprint With a New Asia Pacific
Headquarters in Singapore
MOUNTAIN VIEW, CA -- (Marketwired) -- 07/16/13 -- Appcelerator(R),
the leading mobile enterprise platform company, today announced it
has raised $12.1 million in new capital to continue aggressively
enabling major enterprises to create, deliver and analyze their
entire mobile application portfolio on the Appcelerator Platform. The
latest funding round was led by EDBI, a Singapore-based global
investment firm. The Social Internet Fund also joined as a new
investor, along with prior investors Mayfield Fund, Sierra Ventures,
Storm Ventures, Relay Ventures, Translink Capital, eBay, and RedHat.
This brings the total investment in the company to over $63 million.
Appcelerator will use the new capital to fuel its explosive market
momentum with major enterprises; to develop its cloud and platform
business by investing further in product development, sales, support,
channels and potential acquisitions; as well as to expand globally.
The company will build on its existing global footprint by setting up
an Asia Pacific headquarters in Singapore. This new regional
headquarters will feature a research and development center, an APAC
data center as well as increased investment in its sales, support,
partners and services in the APAC region to further support regional
"Appcelerator's Singapore based Asia Pacific headquarters positions
them perfectly to capitalize on Asia's rapidly growing market for
enterprise mobile solutions, while gaining access to EDBI's regional
networks," said Swee-Yeok CHU, President & CEO of EDBI. "Their
presence is a significant addition to the local enterprise mobility
ecosystem, and will strengthen Singapore's capabilities in the
development of new mobile and lifecycle management solutions."
Appcelerator posted over 130% growth in sales year-on-year and added
major new enterprise customers in the second quarter of 2013. The
Appcelerator ecosystem is now over 480,000 mobile developers that
have built more than 55,000 Appcelerator-powered mobile apps that are
running on over 145 million devices.
"Appcelerator had a record breaking quarter, increasing sales more
than 130% pe
rcent over the same period last year," said Jeff Haynie,
CEO of Appcelerator. "With this latest round of funding, we are in an
unrivaled position to deepen our leadership in the cloud and mobile
enterprise markets, and continue to advance the mobility strategy of
the world's largest brands on the Appcelerator Platform."
Appcelerator(R) offers the only platform built for a Mobile First
world. The Appcelerator Platform enables enterprises to create,
deliver and analyze their entire mobile application portfolio. With
more than 55,000 mobile applications deployed on over 145 million
devices, the Appcelerator Platform helps enterprises accelerate their
time to market and deliver exceptional mobile user experiences.
Appcelerator also provides an award-winning open source mobile
development environment, Titanium(R). Appcelerator's worldwide
ecosystem includes 480,000 mobile developers and hundreds of ISVs and
strategic partners, including SAP, Cognizant and Wipro. It is the
mobile platform of choice for thousands of companies including eBay,
Merck, Mitsubishi Electric, ZipCar, PayPal and Ray-Ban. For more
information, visit www.appcelerator.com.
EDBI is a leading strategic investment firm headquartered in
Singapore with a worldwide presence investing to drive growth
opportunities within the knowledge and innovation-intensive sectors
of Internet & Digital Media, Biomedical Sciences, Clean Technologies,
as well as key industries in Singapore. As a value adding investor,
EDBI creates sustainable and synergistic partnerships with its
portfolio companies, leveraging on its extensive networks and
experience to facilitate the companies' growth in Asia and the world,
through their operations in Singapore. http://www.edbi.com.
Vanessa Camones or Zach Servideo
theMIX agency for Appcelerator
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