SkyKick, a cloud migration specialist turned cloud service management provider, secured $10m in funding this week, which the company said would be used to accelerate product development and broaden its portfolio.
SkyKick specialises in migrating Microsoft productivity apps (Office 365, Exchange, etc.) and data into the cloud, and the company recently pivoted into the rest of the lifecycle by offering cloud app and permission management as well as backup and restore capabilities (which are only available in the US for now).
The $10m in funding brings the total amount secured by the firm since its founding to just over $17m, and will be used to expand sales and marketing as well as product development efforts.
“We are excited to usher in the next era for SkyKick—a global software company delivering cloud management solutions for partners,” said Todd Schwartz, SkyKick co-founder and co-chief executive.
“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.”
The move to broaden its portfolio comes at a time of increasing saturation in the Office migration environment. Microsoft itself already offers a number of free cloud migration tools and there are a few others developed by third parties like SkyKick, so its ability to develop and offer strong capabilities relevant for post-deployment lifecycle needs is essential to its future growth.