Acquia Completes $30 Million Financing

Acquia Completes $30 Million Financing 
Funding to Accelerate Enterprise Adoption of Open Source Content,
Community and Commerce Solutions 
BURLINGTON, MA -- (Marketwire) -- 11/29/12 --  Acquia(R), 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 th
an 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 


 
--  Acquia Cloud is the first global Drupal cloud hosting provider to
    operate on four continents, delivering over nine billion requests and
    140 terabytes of content per month
--  Acquia Insight, our application analysis suite that performs real-time
    assessment of the performance and security of Drupal applications, now
    has more than 18,000 Drupal sites connected
--  Gartner, Inc. positioned Acquia in the "Visionaries" quadrant in both
    the 2012 "Magic Quadrant for Web Content Management" and the "Magic
    Quadrant for Social Software in the Workplace." [Sources: Gartner,
    Magic Quadrant for Social Software in the Workplace, 27 September
    2012; Magic Quadrant for Web Content Management, 6 September 2012]
--  A commissioned study conducted by Forrester Consulting survey on
    behalf of Acquia on enterprise adoption of open source Web Content
    Management options found that almost 60% of enterprises surveyed have
    considered open source for their web initiatives and 72% of
    organizations using open source solutions said it gave them greater
    flexibility [Is It Time To Consider Open Source WCM For Digital
    Experience?; Oct. 2012]
--  Drupal adoption is growing 50% year-over-year -- 2.5 times faster than
    the overall combined web content and social business markets. Drupal
    has achieved significant market share in public sector, media and
    entertainment and higher education markets. An estimated fifteen
    percent of Forbes Global 2000 companies today run Drupal

  
Awards & Accolades 


 
--  Acquia was recognized as the fastest growing software company in the
    US, and the eighth fastest growing company overall, by Inc. Magazine
    in the 2012 Inc. 500
--  Acquia was named Private Company of the Year in Massachusetts by
    MassTLC in September 2012

  
"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, CTO and
Co-Founder, 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." 
About Acquia, the enterprise guide to Drupal 
 Acquia empowers
enterprises with the open source social publishing system Drupal.
Co-founded by Drupal's creator in 2007, Acquia helps customers manage
the growth and scale of their online properties with confidence.
Acquia's products, cloud infrastructure, and support enable companies
to realize the full power of Drupal while minimizing risk, as it's
done for enterprise customers including Twitter, Warner Music Group,
Humana, Stanford University, Mercedes-Benz and MTA. Acquia was
recently named the number one software company in the 2012 Inc. 500
survey of the fastest growing private companies. Acquia has also been
named one of the 100 most promising companies in America by Forbes
Magazine. See who's using Drupal at http://www.drupalshowcase.com,
and for more information please visit www.acquia.com or call
888-9-ACQUIA. 
All logos, company and product names may be trademarks or registered
trademarks of their respective owners. 
Gartner does not endorse any vendor, product or service depicted in
its research publications, and does not advise technology users to
select only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect
to this research, including any warranties of merchantability or
fitness for a particular purpose.  
Media Contacts:
Kevin Cheng
Sparkpr for Acquia
acquia@sparkpr.com
+ 415-321-1879 
Bryan House
VP of Marketing
Acquia, Inc.
bryan@acquia.com
+ 781-238-8647 
 
 
Press spacebar to pause and continue. Press esc to stop.