Acquia Confirms Hitting $100M in Revenue for 2014 [Feb. 23, 2015]
By Rebecca Strong
In November, Acquia CEO Tom Erickson told us the company was on track to hit between $90 million and $110 million in revenue for 2014. Turns out the Burlington, Mass.-based Web content services company landed right in the middle, growing its revenue 46 percent to reachmore than $100 million for the year—placing the company among the largest privately held tech companies in Boston.
The company, which is soon moving its headquarters to Boston’s financial district, said a number of brands adopted the Acquia platform in the fourth quarter of 2014. Those include American Institute of Architects, Aruba Tourism Authority, Bush Brothers & Company, Feld Entertainment, Outside Magazine and Oxfam International. Global 2000 brands Intuit, Princess Cruise Lines and Agari are also now Acquia users.
"Key to our mission to rid the world of cyberattacks is the need to communicate with our customers across every channel in a personal way,” said Kevin Cochrane, chief marketing officer at the cybersecurity company Agari, in a press release. “Acquia's open platform gives us the freedom to deliver more relevant and engaging digital experiences, at a faster pace than ever before."
At its November Engage conference, Acquia announced a new product, ContextDB, as well as a new bundling strategy for its existing products. This news signaled that the SaaS firm is shifting away from its focus on Drupal and more toward demonstrating the value of its cloud- and data-focused content services for different kinds of Web businesses.
Acquia banked $50 million last May, making it one of just a handful of Boston companies that've raised a total of $100 million or more in venture capital funding. Erickson has said that it’s possible the firm will be looking to go public in 2015.