Acquia Snags US$ 30 Million Financing Round, Directs Focus on Europe, APAC [Nov 29, 2012]

Submitted on
Thursday, November 29, 2012
CMS Wire

Acquia, which provides products and services in support of the open source web experience management platform Drupal, has completed a US$ 30 million financing round. The company said the financing will be used to push sales and marketing — particularly in Europe and Asia Pacific.

The latest cash infusion brings the company's investment total to US$ 68.5 million. The most recent round was led by Investor Growth Capital, whose Jose Suarez will soon join the Board. The investors also included Goldman Sachs, Accolade Partners, and current investors, North Bridge Venture Partners, Sigma Partners and Tenaya Capital.

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