High Alpha, Appirio Hooking Up

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A key to the partnership is Appirio's crowdsourcing, problem-solving network of technical competitions called Topcoder. A key to the partnership is Appirio's crowdsourcing, problem-solving network of technical competitions called Topcoder.

Indianapolis-based High Alpha and Appirio, which relocated its global headquarters to the city from San Francisco last year, have announced a partnership. The Scott Dorsey-led venture studio will use Appirio's cloud services expertise and its technical competition community called Topcoder.

High Alpha and Appirio say the collaboration will help boost portfolio companies. The two are also teaming up to launch a new company that will be announced later this year.

Appirio Vice President Steve Pruden, who will join the board of the new business-to-business venture as part of the agreement, says "High Alpha's business approach combines entrepreneurial support plus a venture capital component, allowing businesses to grow and scale at a rapid pace. This environment will allow our Topcoder community to work on engaging projects, and will increase demand for crowdsourced software development. And, our freethinking consultants will remain relevant by working with some of the most entrepreneurial minds in the business."

The companies say the partnership will combine each companies' expertise "to empower the enterprise with innovative results and fast integration methods" and will serve as a model for future collaborations.

High Alpha Managing Partner Scott Dorsey says "our strategic partnership with Appirio will enable us to move even faster by leveraging their team's exceptional cloud services expertise and vast Topcoder development community. We are thrilled to be working with Steve and the Appirio team to build innovative, next-generation enterprise cloud companies."

High Alpha's portfolio also includes TinderBox, Lesson.ly, Visible and Sigstr. Appirio has a client list that includes Cardinal Health, CocaCola, eBay, Facebook, GeorgiaPacific, Home Depot, Moen and Sony Playstation.

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