Appfire, a leading software development team app provider, today announced that it has received a $49 million strategic investment from Silversmith Capital Partners, a Boston-based growth equity firm. Appfire’s portfolio of 60+ apps is being used by thousands of companies to enhance collaboration tools like Atlassian’s Jira Software and Confluence. Investment marks the first time Appfire has raised outside capital, which will be used to expand the company’s cloud-based product offerings and to support strategic acquisitions of complementary apps.
Over the past 15 years, Appfire’s founders have pushed the company to scale by tirelessly focusing on customer success. Appfire’s Bob Swift, Feed Three, and Wittified brand apps help teams in companies like Google, Amazon, and Starbucks streamline product development through enhanced collaboration, security, reporting, and automation. Appfire’s partnership with Silversmith strengthens its market leadership while positioning the company as a key enabler of accelerated digital transformation globally.
“Since Appfire started, our founding team’s vision has been to grow the company into a leading app provider that enables product teams to do their best,” said Appfire, co-founder and CEO Randall Ward. “It was clear when we met the Silversmith team that not only did they share this vision, but they really understood our business and would work hard to support us. We’re thrilled to partner with them as we look to build on our past successes in launching apps and scaling up the operations of acquired companies. “That’s right.
Appfire’s acquisitions of Bob Swift in 2014 and Wittified in 2015 showcase its record of integrating world-class products and teams that share a passion for developer tools.
“Silversmith is excited to partner with Appfire to help drive the company into its next stage of growth,” said Sri Rao, General Partner of Silversmith Capital Partners. “Appfire’s leadership team has deep experience in the development of apps on a scale and a proven ability to welcome and expand the acquired developer tools in its portfolio. As companies around the world continue to solve modern challenges with digital solutions, we believe that Appfire is well positioned to play a crucial role in how software development teams work together both now and in the future. “That’s right.
“We are excited to see increased investment in the Atlassian ecosystem and look 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 of Silversmith, joined the Appfire Board along with Randall Ward and Mat Gauvin, co-founder of Appfire and COO.
Kirkland & Ellis served as legal counsel for Silversmith Capital Partners and John L. Koenig Law, LLC was the legal counsel for Appfire
Appfire is the award-winning Platinum Top Vendor and has been a global leader in the Atlas ecosystem for almost 15 years. Appfire’s popular Bob Swift, Wittified, and Feed Three product brands comprise the largest portfolio of applications on the Atlassian market with more than 60+ custom-built products and 30,000 active installations worldwide. Find out more at www Appfire’s Come on,
Silversmith Capital Partners
Founded in 2015, Silversmith Capital Partners is a Boston-based $1 growth equity firm. 1 billion capital under management Silversmith’s mission is to partner and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investment includes ActiveCampaign, BHE, Centauri Health Solutions, Digital Map Products, DistroKid, Impact, LifeStance Health, MediQuant, Validity and Webflow. The partners have over 75 years of collective investment experience and have served on the boards of numerous successful growth companies, including Ability Network, Dealer. Com, Liazon, Liberty Dialysis, MedHOK, Net Health, Passport Health, SurveyMonkey, Wrike For more information on Silversmith, please visit www. The silversmith’s capital Come on,
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