Burlington MA Startup: Acquia Raises $30 Million

Acquia,Boston startup,funding,startup newsBurlington startup, Acquia, provides enterprise tools based on the open source Drupal web platform. If you’re not familiar with Drupal, it’s the backbone architecture for such popular websites as The White House and the Economist. The platform was created by Dries Buytaert, who also serves as CTO for Acquia.

The startup has now picked up a cool $30 million dollar round led by Growth Capital and Goldman Sachs. Accolade Partners, North Bridge Venture Partners, Sigma Partners and Tenaya Capital also participated in the round.  They are looking to add between 120 and 140 new jobs within the next 12 months. They are also planning on using the money for more international expansion.

Acquia generated $21.8 million in revenue in 2011 according to the Boston Business Journal. CEO Tom Erickson plans to double that this year. They are also looking at a possible IPO within the next two years.

This latest round brings their total venture funding to $68.5 million since 2007. The company was founded by Buytaert and Vice President Jay Batson.

They currently employ 260 people. 140 of those work at the corporate office in Massachusetts. They also have offices in Washington DC, California, Amsterdam,Paris and Oxford England.


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