Content Management Provider Acquia Gets $55 Million in VC

 
 
By Chris Preimesberger  |  Posted 2015-09-28 Print this article Print
 
 
 
 
 
 
 

The new capital will help Acquia scale its global operations, sales and marketing as well as the development of its solutions.

Acquia, a Drupal support cloud service, closed a substantial $55 million equity financing round on Sept. 28.

New investor Centerview Capital Technology led the round, with support from existing investors, including New Enterprise Associates (NEA) and Split Rock Partners.

The new capital will help Acquia scale its global operations, sales and marketing as well as the development of its solutions for building, delivering, and optimizing digital experiences, the company said.

Boston-based Acquia, co-founded by Dries Buytaert and Jay Batson, provides enterprise products, services and technical support for Drupal, a popular open-source Web content management platform used by about 4,000 various-sized enterprises around the globe.

"The phrase, 'If you're not thinking ahead, you're falling behind,' rings ever so true for us, and we strive each day to help our customers stay ahead of the curve and provide amazing digital experiences," said Acquia CEO Tom Erickson.

"This investment in Acquia will enable our team to focus on doing what we do best, helping our customers achieve maximum business impact by delivering digital experiences that are flexible, agile, and open."

Acquia is a leading provider of Web content management solutions, most recently recognized in Gartner's 2015 Magic Quadrant for Web Content Management. Global organizations use Acquia to provide technical expertise and strategic insight to build, deliver, and optimize digital experiences.

Intuit, Warner Music Group and Stanford University are among the organizations that use Acquia's open cloud platform.

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