Acquia Completes $30 Million Financing

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Thursday, November 29th 2012
Funding to Accelerate Enterprise Adoption of Open Source Content, Community and Commerce Solutions
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BURLINGTON, MA -- (Marketwire) -- 11/29/12 -- Acquia®, the enterprise guide to Drupal, today announced it has completed a $30 million financing round, bringing total investment in the company to $68.5 million. Led by new investor Investor Growth Capital, the round includes Goldman Sachs and Accolade Partners, as well as all of Acquia's current investors, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital. Jose Suarez from Investor Growth Capital has also joined Acquia's Board of Directors.

The new financing round will enable Acquia to accelerate its sales and marketing efforts, and continue its international expansion across Europe and Asia Pacific. Additionally, the funding will amplify Acquia's efforts to bring unified content, community and commerce solutions to market, helping digital marketing and IT organizations create and deploy content-rich, multi-channel web experiences.

"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, CEO 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."

"Investor Growth Capital was drawn to Acquia's vision to help digital marketing organizations in the Global 2000 harness the innovation and agility of open source Drupal," said Jose Suarez, Managing Director at Investor Growth Capital. "Acquia delivers a compelling combination of enterprise class products, Drupal technical expertise and leadership. We believe the web is changing, and that Acquia is uniquely positioned to help global brands create and manage immersive, multi-channel digital experiences."

Company Highlights

  • Acquia revenue has nearly doubled YoY through September 30th and is growing at 250% CAGR over the past three years
  • More than 100 employees have been added in the past 12 months, including an expansion of Acquia's Asia Pacific presence into Sydney, Australia
  • Acquia's global partner program has added more than 150 new partners in 2012, with nearly 550 partners in total
  • Acquia acquired the content quality assurance technology company Mollom BVBA to accelerate product development of its SaaS content protection service to meet the needs of digital marketing organizations

Product & Market Highlights

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