AppDirect, a SaaS company that helps businesses manage apps, from sales and purchasing to distribution, has raised $140m in a new round of funding pushed by JP Morgan. It takes the firm’s total funding to beyond $240m since its founding in 2009, and Reuters quotes the estimated value at just over $1b.
In a TechCrunch article, it’s stated the company plans to use at least part of the new investment to increase its international business, and it already has offices in the U.S., Sweden, Japan, and Germany. The company has around 350 employees.
AppDirect has raised $140m in new investment, and will use part of it to increase its international presence.
AppDirect has more than a million subscribers to its premium, paid services; a 300% increase over last year. It counts big names such as Comcast, Telstra, and Deutsche Telekom among them.