Acquia Revenue More Than Doubles as Its Open Source Solutions Soar
Acquia Achieves Record Revenue in 2012, Grows Bookings in First
PORTLAND, OR -- (Marketwired) -- 05/22/13 -- DrupalCon Portland --
Acquia, where great digital experiences begin, today announced
significant growth in revenue and bookings as the company's open
source solutions are becoming more widely adopted. Acquia's
year-over-year revenue grew by 108 percent in 2012. Momentum
continued in the first quarter of 2013, as Acquia's bookings
increased 52 percent compared to the first quarter of 2012 and more
than 15 percent over the quarter prior.
Acquia achieved significant growth in bookings and revenue as
organizations accelerate their adoption of solutions to manage their
digital experiences, particularly among life sciences, high tech,
media, government and higher education. With businesses of all sizes
seeking ways to fast track their digital marketing efforts, increased
demand for solutions that blend content, community and commerce have
been particularly popular among chief digital officers, digital
executives and digitally-focused CMOs.
"Customer engagement starts with a great digital experience, and
organizations require solutions that are agile, resilient, and
integrated," said Tom Erickson, CEO of Acquia. "We're proud to earn
the trust of some of the world's most well known brands, and we're
passionate about helping them deliver sites that integrate content,
community and commerce."
As marketing software and enterprise IT continue crossing paths, the
recent increase in creative agency adoption of Drupal has spurred
more opportunities for developer growth within media, entertainment
and publishing. The open source Drupal community has also grown into
the largest open source community in the world, offering a developer
community of more than 950,000 people in 228 countries speaking 181
languages. The Drupal community is expected to hit the 1 million
registered members mark by this summer.
A recent survey on the Future of Open Source identified growing
trends driving open source adoption; more than 60 percent of survey
respondents said they looked to open source to help drive innovation
in their organizations. Another bellwether underscoring open source
growth may be found in the quarterly earnings shortfalls recently
recorded by legacy enterprise software vendors, as CIOs seek to
replace systems from Oracle, IBM and other legacy vendors with
solutions that innovate faster while providing reduced total cost of
"Open source software is disruptive for the enterprise software
market, and at Acquia, we're enabling our customers to build
disruptive digital businesses in an open source way," said Dries
Buytaert, CTO and co-founder, Acquia.
Acquia adds greater flexibility for digital innovation at the
enterprise with its Open SaaS platform for Drupal Gardens, which
delivers the disruptive benefits of Drupal's open source innovation
along with the freedom that a Software-as-a-Service platform
provides. With Drupal Gardens, organizations like Warner Music Group
are rapidly launching hundreds of branded websites -- all with
advanced features and designs -- and managing them centrally through
-- Year-over-year revenue more than doubled in 2012.
-- Secured $30 million funding with existing investors and new investors:
Investor Growth Capital and Accolade Partners.
-- Acquia doubled its employee count in the past 15 months to more than
340 employees globally.
-- Acquia recently relocated its European headquarters to Reading, U.K.,
and late last year opened a tech center in Portland, Oregon. Acquia
also established presences in Germany and Sweden in the first quarter
Customer and Partner Expansion
-- Acquia's customer base has reached more than 3,800 customers, up from
more than 2,000 at the end of 2011. New enterprise customers include
Georgetown University, Olympus Corporation of the Americas, Polycom
-- Acquia added more than 50 new partners in the first quarter of 2013,
bringing the total number of global partners to nearly 650. Systems
integrators that recently have joined the Acquia Partner Program
include Aquilent, Crown Partners, Capgemini, Cognizant, EPAM Systems,
SDG Corporation and Tieto. Acquia has also partnered with several
digital agencies, including Digitaria, Emakina, Nurun, Possible,
Razorfish Healthware and RoundArch Isobar.
"Leading digital marketing agencies are transforming the way brands
communicate and how businesses run through immersive digital
experiences," said Dan Khabie, CEO of Digitaria, a WPP company.
"Through its open source solutions, Acquia is helping Digitaria drive
innovative digital marketing campaigns and build engaging communities
to create a strong digital advantage for our clients."
Product & Market Highlights
-- Unveiled Acquia Media Drive. Acquia Media Drive provides digital
marketers, developer and site owners with a single, centralized,
Drupal-integrated SaaS repository for rich media files. With Acquia
Media Drive, organizations can manage brand assets more effectively,
assist with digital rights compliance, and deliver syndicated content
across multiple web channels with ease.
-- Released Drupal Commons 3.0 to accelerate the creation of digital
communities and social applications. More than 1,500 communities rely
on Drupal Commons to develop better relationships with customers to
improve satisfaction and engage brand advocates.
-- Launched the general availability release of the Mollom Content
Moderation Platform, a cloud platform that filters and removes spam
-- Released the source code for Drupal Create, providing developers with
a fully functional codebase from which custom mobile apps that
communicate with Drupal sites may be built.
-- Acquia was named a contender in the 2013 Forrester Wave for Web
Content Management for Digital Customer Experience.
Awards & Accolades
-- Dries Buytaert named to World Economic Forum's Young Global Leaders.
-- Acquia's Angela Byron was named among the Top 5 Women in the Data
Center Industry 2013.
-- Acquia was named an AlwaysOn OnDemand Top 100 winner.
-- Acquia named one of the Best Places to Work in Massachusetts by the
Boston Business Journal two years in a row.
-- Acquia named one of 25 Enterprise Startups to Bet Your Career On by
-- Acquia named the Private Company of the Year by the Massachusetts
Technology Leadership Council.
-- Acquia was the #1 software company on the Inc. 500.
-- Dries Buytaert named Ernst and Young Entrepreneur of the Year.
-- Dries Buytaert named CIO of the Year.
-- Dries Buytaert named to Business Insider's 50 Most Powerful People in
Acquia is where great digital experiences begin. Acquia
is helping some of the world's leading brands succeed, including
Twitter, Mercedes Benz, Warner Music Group, and Stanford University.
Join the more than 3,800 organizations that are moving at the speed
of the web with Acquia's solutions for content, community and
commerce. Acquia offers developer tools, cloud solutions and global
expertise to drive success the open source way.
Dream It. Drupal It. Acquia.
See who's using Drupal at http://www.drupalshowcase.com, and for more
information visit www.acquia.com or call +1 781 238 8600.
All logos, company and product names may be trademarks or registered
trademarks of their respective owners.
Sparkpr for Acquia
christopher.rogers (@) acquia.com
+1 781 238 8645
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