Appfire Secures $49M in First Institutional Funding led by Silversmith Capital Partners
Summary
BOSTON--(BUSINESS WIRE)--Appfire, a leading provider of apps for software development teams, announced today that it has received a $49M strategic investment from Silversmith Capital Partners, a Boston-based growth equity firm. Appfire’s Bob Swift, Feed Three, and Wittified brand apps help teams at companies like Google, Amazon, and Starbucks streamline product development through improved collaboration, security, reporting, and automation. We are thrilled to partner with them as we look to build on our past successes in launching apps and scaling the operations of acquired companies.” Appfire’s acquisitions of Bob Swift in 2014 and Wittified in 2015 demonstrate its track record of integrating world-class products and teams that share a passion for developer tools. As companies around the world continue to solve modern challenges with digital solutions, we believe Appfire is well positioned to play a crucial role in how software development teams work together now and in the future.” “We are excited to see increased investment in the Atlassian ecosystem and are looking forward to working with Appfire to continue to drive new value and innovation for our customers,” said Martin Musierowicz, Head of Global Channels, Atlassian. As part of the transaction, Rao and Lyndsay Kerwin, Vice President at Silversmith, have joined Appfire’s Board along with Randall Ward and Mat Gauvin, Appfire’s co-founder and COO.
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