SAN FRANCISCO, CA--(Marketwire - Oct 3, 2012) - Appirio, a global cloud solution provider, has been named to The Wall Street Journal's The Next Big Thing list which seeks to identify and rank venture-backed companies across all industries that have the capital, executive experience and investor know-how to succeed. Appirio was selected from a pool of nearly 6,000 companies and ranked based on proprietary data from Dow Jones VentureSource and input from Dow Jones VentureWire's reporters and editors. Appirio is included in The Next Big Thing list, which recognizes 50 companies.
"Appirio was formed to help companies free themselves from the technology constraints of the past, and create more innovative and high performing businesses using cloud, social and mobile technologies," said Chris Barbin, CEO of Appirio. "We are fortunate to have industry-leading partners, customers and investors that believe in our mission, and we're honored to have been recognized for our proven track record and future potential."
"Venture capital investors aren't just looking for successful companies; they are looking for explosive growth," said Alan Murray, deputy managing editor of The Wall Street Journal. "The Next Big Thing list highlights companies that have a chance of providing that kind of growth. They aren't sure bets; they are high-risk but potentially high-reward enterprises."
The Next Big Thing is an annual ranking published by The Wall Street Journal. To be eligible for the ranking, a company must be based in the U.S., have raised an equity round of financing in the three years ended June 30, 2012 and have a valuation of $1 billion or less. The ranking was calculated by applying a set of four financial criteria: the track records of success for both a company's founders and management; track records for the investors on its board; the amount of capital raised in the last three years; and the percentage change in a company's valuation in the last year. Dow Jones VentureWire reporters and editors also provided their perspective and expertise beyond the numbers.
To view The Next Big Thing ranking, visit http://on.wsj.com/QyJWBx
Appirio accelerates the cloud-powered business, helping enterprises achieve significant results from cloud applications and platforms like salesforce.com, Google and Workday. Appirio has worked with more than 300 enterprise customers including organizations like City of Los Angeles, Facebook, Flextronics, International Hotels Group, Japan Post Network, Ltd., L'Oreal, NetApp, NYU, Starbucks, Thomson Reuters and VMware. Appirio's technology-enabled professional services are supported by a team of nearly 500 cloud experts and CloudSpokes, a more than 50,000 person-strong global cloud developer community. The company's expertise and innovative brokerage technology have been recognized by organizations such as the World Economic Forum, Bloomberg BusinessWeek, InformationWeek, and IDC. Appirio has offices that span the U.S., Europe and Asia Pacific, and is backed by Sequoia Capital, GGV Capital and General Atlantic.