With $30M in funding, Acquia edges closer to an IPO [Nov 29, 2012]

Submitted on
Thursday, November 29, 2012

Acquia, the company that dresses up Drupal for enterprise customers, has closed a $30 million round of funding.

Acquia helps its large enterprise customers get up and running with Drupal, the popular open source content management (CMS) system. It aims to be to Drupal what Red Hat is to Linux — “the Drupal community is filled with thousands of companies and contributors,” said Tom Erickson, CEO. ”Dries [Buyteart] wanted to become a member of the community like Red Hat and Linux did — he didn’t want to disrupt the momentum.”

Buytaert invented Drupal in his dorm room as a PhD student in Belgium. He cofounded Acquia in 2007; the goal was to build a successful business around Drupal. Acquia is used by large enterprise customers, including Stanford University, Warner Music Group and Twitter. In 2009, the team helped support Whitehouse.gov transition to run on Drupal.

News Type: