Apperian Raises $12.4 Million from North Bridge Venture Partners, Kleiner Perkins Caufield & Byers’ iFund and Bessemer Venture Partners
New funds enable the company to meet market demand in North America and Europe for its Mobile Application Management platformBoston, MA, March 13, 2012 – Apperian, Inc. (www.apperian.com) today announced it has closed a $12.4 million round of venture financing, with investments from North Bridge Venture Partners, Kleiner Perkins Caufield & Byers’ (KPCB) iFund, Bessemer Venture Partners, and Common Angels, all existing investors in the company. The new round of funding brings Apperian’s total financing to $24 million. Since receiving its first round of financing in March of 2011, Apperian has experienced explosive revenue growth, which is being fueled by the Bring Your Own Device (BYOD) movement. Apperian’s GAAP revenue doubled in each quarter during 2011, and the company expects that trend to continue in 2012. Apperian also expanded its headquarters in Boston’s Innovation District, and recently opened offices in France and the UK to help meet European demand for its Enterprise App Service Environment (EASE®) platform. “We are thrilled to extend our partnership with our founding VC’s, whose continued support is validation of the market opportunity for Apperian,” said David Patrick, CEO of Apperian. “Our mobile app management platform is built for the end user, with its consumer-‐oriented design and features that are intuitive and elegant. The EASE platform is self-‐service, cloud-‐based, and instantly scalable to tens of thousands of devices; no hardware or training required.” “Apperian is at the center of the BYOD movement, and has already had great success helping some of the world’s largest global companies deploy and manage mobile applications,” said Michael Skok, Partner, North Bridge. “BYOD is changing the way businesses operate, and Apperian is the company that will help organizations stay ahead of this change.” “Consumerization of IT represents one of the biggest transitions companies have faced in decades,” said Matt Murphy, Partner and Manager of KPCB’s iFund. “Apperian is the innovation leader in enterprise mobility, and has discovered what is inherently important to businesses -‐-‐ great user experience and highly scalable management tools. Apperian is making enterprise mobility a way of life.” “Apperian has executed very well on its plan and continues to exceed goals at all levels of the organization, “ said Bob Goodman, Partner at Bessemer Venture Partners. “Our investment in Apperian comes at a time when they are scaling to meet demand for the EASE platform. Apperian was first to market with a mobile application management platform and continues to be the market leader.” About Apperian Apperian, Inc. is a mobile application management (MAM) company. The Apperian EASE platform delivers enterprise mobility services that today enable many of the world's largest corporations to securely deploy and manage mobile apps for iOS, Android and Blackberry. Apperian is empowering the liberated enterprise to support the BYOD revolution. Enterprise Mobility Blog: http://apperian.ly/Exow Website: www.apperian.com Twitter: @apperian For more information: Brian Day CFO email@example.com (800) 862-‐0511 or (617) 9851-‐1464 Apperian, EASE, Mobility Transformed and Epicenter are trademarks of Apperian, Inc. in the United States and other countries. Other company and product names may be trademarks of their respective owners.