Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Appcore

Explore full profile

Leading cloudstack solutions company focused on simplifying the complexity of cloud management

Des Moines, United StatesFounded 2008Hosting
Valuation <$5M Last recorded · 2014
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Appcore and the history behind them.

About Appcore

Founded in 2008, Appcore operated from Des Moines, Iowa, as a provider of cloud infrastructure management solutions before being acquired by IBM on August 17, 2015. The company was established to simplify the complexity of cloud technology for service providers, such as telecommunications companies and data centers, as well as for enterprise clients. Jeff Tegethoff served as the CEO, with Brian Patrick Donaghy also being a key figure in the company's leadership.

Appcore's core business centered on its cloud management software suite, which facilitated the deployment and operation of both enterprise private clouds and service provider public clouds. The company's flagship product, Appcore AMP (Automation Management Platform), was a converged infrastructure system that automated the orchestration of computing, storage, and applications. This platform was designed to be technology-agnostic, supporting various hardware, hypervisors, and storage types through a single interface. Initially delivered as a fully integrated hardware and software rack, Appcore later evolved to offer the software as a 2U appliance or a white-label solution to run on customers' existing infrastructure. A key milestone was the 2014 launch of Appcore Atlas, a multi-cloud management tool that enabled service providers to deploy and monitor enterprise cloud environments in under 15 minutes.

The firm's business model was based on selling its software and converged infrastructure solutions, enabling clients to launch their own branded cloud services rapidly. By providing a comprehensive platform that included self-service provisioning, monitoring, metering, and billing capabilities, Appcore addressed a critical market need for telcos that lacked the in-house expertise to build and manage complex cloud environments from scratch. Throughout its operation, the company secured approximately $11.5 million in funding over three rounds from investors, including Interstate Communications, Broadhorn, and OmniTel Communications.

Source: Dealroom company data

At a glance

Founded
2008
Headquarters
Des Moines, United States
Sector
Hosting

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Jeff Tegethoff
  • Broadhorn Capital
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Des Moines HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Appcore on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Appcore on the full Dealroom platform

Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.