Acquia: $45M in 2012 revenue, staff now above 300 [May 22, 2013]

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Wednesday, May 22, 2013
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Boston Business Journal

By Kyle Alspach

Burlington-based Web publishing software firm Acquia said Wednesday it received $45.3 million in revenue in 2012, more than doubling its top line from the previous year.

Acquia also said it has doubled its employee count in the past 15 months, and now has about 340 employees globally, with half of them in Burlington.

That's up from the 260 employees Acquia had in late November, when the firm raised $30 million in funding.

The company provides tools and support for enterprises using the open-source Drupal Web publishing platform. Drupal has surged in popularity among enterprises in recent years due to the potential for cost savings and the flexibility of design.
Acquia previously reported receiving $21.8 million in revenue in 2011. Those revenue results had made Acquia the fastest-growing software company on the 2012 Inc. 500 list, and the eighth fastest-growing company on the list overall.

The firm says it now has more than 3,800 customers, up from about 2,000 at the end of 2011. New customers include Georgetown University, Olympus Corporation of the Americas and Polycom.

Acquia is "enabling our customers to build disruptive digital businesses in an open source way," co-founder and CTO Dries Buytaert said in a news release announcing the revenue growth Wednesday.

Key customer sectors include media and entertainment (NBC, Warner Music Group), high-tech (eBay, Twitter), health care (Humana) and higher-education (Stanford University).

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