SkyKick, a Seattle-based company that helps businesses migrate to Office 365, has raised an additional $10 million in capital to help accelerate its sales and product development plans.
The round, which brings total funding to $17.2 million, was led by current investors Navin Thukkaram (former Qwiki exec), Tim Ferriss, and other private equity investors. New investors include Karl-Theodor zu Guttenberg, a former German Federal Minister of Defense and German Federal Minister of Economics and Technology.
“SkyKick has rapidly emerged as the market leader in the Office 365 space by proving it can solve a billion dollar problem — moving businesses from on-premise email to the cloud,” Thukkaram said in a statement. “With today’s strategic investment, we are accelerating SkyKick’s growth trajectory to help them solve a multi-billion dollar opportunity: Giving IT partners one platform to manage businesses’ entire cloud presence.”
SkyKick is formerly known as CloudVisors, which launched in April 2011. It charges a monthly fee to its 5,000 IT partners, which use SkyKick’s application suite to help move their customers to the cloud-based Office 365.
The 70-person company, a 2013 Microsoft Partner of the Year, is run by co-CEO and co-founder Todd Schwartz, who was previously a Microsoft online services product manager for seven years. Co-CEO Evan Richman, also a former Microsoftie, is another founder, along with Brad Younge.
The company today also debuted a new “cloud management-as-a-service” product that lets IT providers manage their customers’ cloud applications from a single location.
“Cloud usage is expected to double in the next three years, and the average IT partner will soon have over 5,000 customer cloud touch points to administer, which can be incredibly complex and time-consuming for solution providers to backup and manage,” Schwartz said in a statement. “With the release of our new cloud management products, it’s another step forward for us in delivering innovative products to help partners around the world provide a more successful, efficient and safe cloud experience for their customers on one unified platform.”