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tom erickson

Are Employee Non-competes Obsolete? [Oct. 9, 2014]

Submitted on
jeudi, le 9 octobre 2014h
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Fast Company

By Gwen Moran

These once-ubiquitous agreements may be hurting both companies and employees more than they're helping. Here's what works instead.

Thomas Erickson had never really given much thought to employee non-compete agreements.

But recently, the CEO of the Burlington, Massachusetts-based software company Acquia, Inc., says he's been getting some push-back from new hires who weren’t happy signing contracts that restrict them from working for competitors or within the same industry after they leave their jobs.

After a few conversations with his human resources department, Erickson spoke with his executive team and abolished employee non-competes at the company for all but a few senior executives. Out of Acquia’s more than 500 employees, roughly five or six are still bound by their non-compete agreements, he says.

At the same time, Massachusetts Governor Deval Patrick was challenging longstanding non-compete legislation in the state. In late July 2014, after heated debate, the Massachusetts legislature failed to pass new legislation vastly limiting these agreements. But Erickson and groups like the New England Venture Capital Association are still trying to make the case that they’re obsolete and bad for business.

“There are cases where technical teams have worked for very poorly-run companies, going the wrong direction. They build up a lifetime of expertise, but when they leave the company, they’ve been prevented from using that expertise and have to change their line of work and take salary cuts,” Erickson says.

ARE EMPLOYEE NONCOMPETES OBSOLETE?
While Governor Patrick’s push to ban most non-competes grabbed headlines, there isn’t exactly a national rush to get rid of them. California bans non-compete agreements, except in some very specific circumstances. A handful of states, such as Florida, Virginia, and Washington, specifically prohibit overly broad non-competes.

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Operational Database Startup VoltDB Appoints Acquia, Bit9 Executives to Board [March 31, 2014]

Submitted on
lundi, le 31 mars 2014h
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Boston Business Journal

By Sara Castellanos

VoltDB, a Bedford-based startup that bills itself as being able to offer the world's fastest operational database, has appointed executives of Acquia and Bit9 to its board of directors.

Tom Erickson, CEO of Burlington-based cloud-hosting firm Acquia, and Patrick Morley, CEO of Waltham-based security firm Bit9, were added to VoltDB's board of directors, the startup announced Monday.

“VoltDB stands alone in its ability to drive real-time next-generation Big Data applications,” Erickson said in a statement. “Its unique capabilities are ideally suited to help organizations immediately derive value from the massive volumes of data generated by interconnected people and devices, machine-to-machine and Internet of Things.”

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Tom Erickson of Acquia, on the Philosophy of ‘Ready, Fire, Aim’ [March 30, 2014]

Submitted on
Dimanche, le 30 mars 2014h
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The New York Times

Corner Office, By Adam Bryant

This interview with Tom Erickson, chief executive of Acquia, an open-source software company, was conducted and condensed by Adam Bryant.

Any leadership lessons early in your life?

I grew up in a very small town in Wisconsin, a classic Scandinavian town where it wasn’t encouraged to brag. My father was a leader just by virtue of his personality. He ran a store that’s still in the family. He was president of the City Council, president of the school board, and was a leader of the business association. He was one of those quiet leaders who just did his thing.

He had a very different leadership style than me, because he was blessed with a patience that I don’t have. He was able to help people, over an extended period, think about things differently. We were one of the very first schools in our part of the state to receive a computer. My dad had been really active about saying, “We need to be on the forefront of what’s next.” I glued myself to that computer.

What about early management experience?

I got a job out of university with a small company called PSDI. I had eight other job offers, but I chose them because they said, “You’ll be promoted if you work hard.” Within a year, they sent me to Australia to open an office there. I was 23.

I was a technical guy with an engineering background, but I learned how to sell there. That was probably a pivotal point in my career — learning that it wasn’t magic. Coming from a small town, I just assumed that there were certain tracks in life, and that moving across them was hard. But I learned that I could sell.

Acquia Might IPO in 2014, Plans for E-commerce Play [March 3, 2014]

Submitted on
lundi, le 3 mars 2014h
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BostInno

By Gilles Bernard

Burlington, Mass.-based Acquia might hold its initial public offering as early as this year.

"We don't have a specific time frame other than to say we're certainly big enough to do it now," the firm's CEO Tom Erickson told the Boston Business Journal in a recent interview.

The company, which offers cloud hosting and tools for development software Drupal, released its 2013 growth numbers last week. In the last year, the company cited revenue growths of 50 percent, hitting its record revenue of $68 million. The company reaped around $45 million in revenue in 2012 – more than double that of 2011. Acquia's revenue has grown for 19 consecutive quarters.

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Software, Web Firms May Dominate 2014’s IPOs [Jan. 2, 2014]

Submitted on
jeudi, le 2 janvier 2014h
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Boston Globe

By Michael Farrell

For the state’s tech workers who wear lab coats, 2013 was a big year. Ten Massachusetts biotech companies debuted on Wall Street. Now, it’s the tech workers in T-shirts’ turn.

At least a dozen Boston-area software and Web companies are poised to go public in 2014, taking advantage of a surging stock market where shares of major technology companies are climbing to new heights.

These won’t be wet-behind-the-ears startups, either. Last year’s IPO market featured many very young biotech companies, but the class of 2014 will probably include many seasoned tech companies, with established customer bases and profits, to boot.

Those getting ready for the public stage include some of the area’s fastest-growing and best-known Web companies, such as Wayfair LLC, a Boston-based seller of home goods, Care.com Inc., a Waltham company that has built a marketplace for dog walkers and home health care nurses, and Karmaloop Inc., an e-commerce company that sells urban streetware.

Lesser-known software companies also appear to be gearing up. There’s the software company Acquia Inc., which earlier this year hired the former top financial officer of Buddy Media Inc., a New York startup that fetched $736 million from Salesforce.com Inc. in 2012. And the cybersecurity firm Veracode Inc. brought on seasoned executive Ed Goldfinger, who helped take Zipcar public in 2011.

Acquia Grows Staff, Global Presence to Help Organizations Speed Their Digital Innovation [Nov. 12, 2013]

Boston’s Fastest Growing Private Software Company Experiences Record Growth as it Delivers Integrated Solutions for Content, Community and Commerce

BURLINGTON, MA – November 12, 2013 – Acquia, where great digital experiences begin, today announced the company’s continued expansion as organizations look to accelerate their time to market in delivering digital experiences with freedom and agility.

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

Submitted on
mercredi, le 22 mai 2013h
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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).

Why You Need a Chief Digital Officer [March 27, 2013]

Submitted on
mercredi, le 27 mars 2013h
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The Wall Street Journal

By Tom Erickson, Acquia CEO

The chief digital officer, a relatively recent addition to the C-Suite, is already making his influence felt on today’s technological landscape and, by extension, everyday living. Companies that have yet to hire a CDO, but who regard a great digital customer experience as core to the business, should consider making room for one.

From morning coffee (Starbucks Corp. has a chief digital officer) to the evening panel discussion at the local university (Harvard University has one as well), there’s now a CDO considering the digital implications of experiences that you might not expect. Going through Times Square, I’m reminded that NYC now has its own chief digital officer, that there’s a CDO at the nearby CVS Caremark Corp., and a CDO at the New York Stock Exchange.

It’s fairly easy to pinpoint the trickle-down difference at this everyday level, compared to the days prior the appearance of the chief digital officer. Whether you’re Whole Foods Market Inc. or Warner Music, you now likely have somebody — even if he or she doesn’t have a CDO title — with full responsibility for how technology frames the customer experience. It’s at this personal interaction level where the CDO’s impact is most keenly felt.

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Acquia to Present at 2013 Montgomery Technology Conference [Mar 1, 2013]

BURLINGTON, MA – March 1, 2013 – Acquia, the leading open cloud platform for integrated digital experiences, today announced that Acquia CEO Tom Erickson will be among the featured executives of high-growth companies who will present at the 2013 Montgomery Technology Conference.

The Summit at DrupalCamp Ottawa

Acquia is proud to be a Diamond Sponsor of DrupalCamp Ottawa! In conjunction with the Camp, we are also involved in The Summit portion of the event. This will feature a video address from Dries, a keynote from Tom Erickson on Drupal in Open Government, plus much more!

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