Acquia Lands 30m to Build Out Enterprise Software for Drupal
Acquia has grabbed 30 million in new funding (Series E) from Investor Growth Capital with the participation of Goldman Sachs, Accolade Partners, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital to bring an enterprise solution to the open source Content Management System (CMS) Drupal. Creator of the Drupal, Dries Buytaert, is also a co-founder and CTO of Acquia. The newly injected cash will be used to expand the company over seas to Europe and Asia Pacific. Tom Erickson, the CEO, was quoted as saying:
“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.”
Other plans with the new funding will go into doubling the firms employees from 250, which recently hired 100 employees over the past year.
Source – TC