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November 30, 2012

Acquia Completes a $30 Million Financing Round

Acquia, the enterprise guide to Drupal, has completed a $30 million financing round.

The new financing round will enable Acquia to continue its international expansion across Europe and Asia Pacific accelerating its sales and marketing efforts. Acquia can now amplify its efforts to bring unified content and commerce solution to the markets. The total investments in the company now add up to an impressive amount of $68.5 million. New investor, Investor Growth Capital led the investment round, which included Goldman Sachs and Accolade Partners. North Bridge Venture Partners, Tenaya Capital and Sigma Partners - Acquia’s current investors, were also part of the round. From Investor Growth Capital Jose Suarez joined Acquia's Board of Directors.

"Our customers have made it clear that they are unhappy with the status quo on the web and are demanding innovative platforms that give them new freedom to integrate with their existing marketing toolset and increase the productivity of their digital teams," said Tom Erickson, chief executive officer of Acquia. "We are delighted to have the participation of an elite group of investors as Acquia disrupts the market for content, community and commerce solutions, enabling multinational brands to achieve a new-found agility and set the pace with the fast moving social, and increasingly mobile, Web."

Acquia was co-founded by Drupal's creator in 2007. It helps customers manage the growth and scale of their online properties with confidence. Companies realize the full power of Drupal without the risks and with the help of Acquia's products, cloud infrastructure and support. Acquia’s revenue is growing at 250 percent CAGR over past three years. In order to meet the needs of digital marketing organizations, Acquia has now acquired Mollom BVBA, the content quality assurance technology company.

"From the beginning, my intention with the Drupal project was to build a dominant open source technology that can help organizations quickly create extraordinary web experiences," said Dries Buytaert, chief technical officer and co-founder of Acquia. "Drupal adoption is higher and the community is stronger than ever before, as more organizations around the globe discover how the power of community can help them build amazing things on the web."

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Edited by Brooke Neuman
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