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Tom Erickson

Welcome to the Open Source Renaissance [April 13, 2014]

Submitted on
zondag, 13 april 2014
,
GigaOM

By Tom Erickson, Acquia CEO

Summary: Ever-popular among developers, open source technology has moved away from the fringes of tech right to the center of the enterprise, thanks to its high level of security and agility.

In the span of just a few years, open source has produced businesses that are incredibly attractive to the investment community. In 2012, open source venture investment jumped 80 percent over the prior year with $553 million invested, compared to $307 million in 2011. VCs have flocked to darlings like MongoDB, Open Stack, Cloudera, Puppet Labs and Hortonworks because these companies are solving incredibly difficult challenges in the cloud and big data arena faster than any proprietary software vendor could.

So why the big increase in interest now? Open source software has been around for years, in many cases implemented on the fringes by developers who prefer the freedom and flexibility of contributing to the evolution of the platforms with which they choose to work. There were even early glimmers of promise; for example, Linux proved to be a fast, effective server platform for many businesses before it grew to be one of the largest open source communities and the third-largest web client operating system in the world.

But today, open source has crossed over from a niche techie outlier to a driving force for businesses.

Read more.

Boston’s next 12 tech IPOs? [March 20, 2014]

Submitted on
donderdag, 20 maart 2014
,
BetaBoston

By Kyle Alspach

Acquia, cloud hosting for content management system Drupal. IPO guess: Early 2015. No hurry to go public, but revenue growth (to nearly $70 million last year) already suggests IPO readiness. Boston tech may have gone more than a year-and-a-half in between its last two venture-backed tech IPOs (i.e. Exa Corp. and Care.com, which went public in January). But the region’s tech community shouldn’t have to wait that long again any time soon.

Acquia: Revenue to Near $70M, but No Rush for IPO [Sept. 17, 2013]

Submitted on
dinsdag, 17 september 2013
,
Boston Business Journal

By Kyle Alspach

Burlington-based Acquia expects major revenue growth again for 2013 but there is "nothing imminent" planned in terms of taking the company public, CEO Tom Erickson said in an interview.

Acquia provides enterprises with cloud hosting and related tools and services for websites created using Drupal, an open-source content management and site development platform. Acquia co-founder Dries Buytaert is the original creator of Drupal and serves as the firm's CTO.

The company has grown steadily in recent years amid growing adoption of Drupal among large enterprises. Acquia reported more than $45 million in revenue last year, more than doubling its top line from the previous year.
Erickson said Acquia expects about 50 percent revenue growth for 2013, which would equal about $68 million in revenue.

That would put the firm within the revenue range during which many venture-backed tech firms consider going public. And Erickson said Acquia does have a strong opportunity for an IPO.

Acquia CEO Tom Erickson wordt mentor startups op We Media PitchIt! Conferentie en uitdaging

BURLINGTON, MA – April 16, 2012 – Acquia, the enterprise guide to Drupal, today announced that CEO Tom Erickson has been selected to serve as mentor to participating startups at the We Media PitchIt! Conference and Challenge on April 18 at USA Today / Gannett in McLean, VA.

Acquia Expands Drupal Product Offerings with Two Acquisitions [Aug 16, 2011]

WOBURN MA – August 16, 2011 - Acquia, the leading provider of commercial solutions for Drupal, announced today that it has acquired Cyrve, a provider of Drupal migration services, and Growing Venture Solutions (GVS), a provider of Drupal security services.

Survey Reveals Open Source Growing Quickly in Mobile and Cloud Development

SAN FRANCISCO - North Bridge Venture Partners today announced the results of its annual Future of Open Source Survey. Conducted in partnership with The 451 Group, the 2011 survey involved more than 20 industry collaborators and polled a wide variety of members of the open source community on the important issues, opportunities and expectations of the industry for 2011 and beyond.

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