Columbia Capital invests $20m in Cloud Sherpas
US venture capital firm Columbia Capital has invested $20 million in Cloud Sherpas, a newly merged cloud computing solutions provider focused on Asia Pacific and the US.
Cloud Sherpas has merged with its competitor GlobalOne to form a new entity which will be headquartered in Atlanta. GlobalOne, which is based in New York but has offices throughout the US and Asia, received $15 million of funding from Columbia in 2011.
The latest capital injection is expected to allow the company to extend its geographic reach to assist Asian, Australasian and US businesses using either Google or Salesforce software move their computing to the cloud.
"The demand for cloud services in Asia-Pacific continues to grow at breakneck speed," said John Orrock, founder of GlobalOne and senior vice president for Asia-Pacific at Cloud Sherpas. "Our cloud consultants in Australia and New Zealand, combined with our newly acquired mobility practice and offshore development capabilities in the Philippines, set the new Cloud Sherpas apart from other cloud service providers in the region."
Former GlobalOne CEO David Northington has been appointed CEO of Cloud Sherpas.
Meanwhile, last October Yunfeng Capital, the venture capital firm set up by Alibaba Group founder Jack Ma, announced plans to create a RMB1 billion ($157 million) fund with Alibaba Cloud Computing. The vehicle will invest in cloud computing businesses and developers building applications for Aliyun OS, the e-commerce company's new operating system.
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