Acquia's CEO on a New Product, IPO and Unicorn Obsession [Oct. 21, 2015]
By Kyle Alspach
One of Boston’s fastest-growing private tech companies has a new product out today and aspirations for going public that are as strong as ever despite the tech IPO slowdown.
Acquia, which provides cloud technology for Web content management using open-source Drupal, is in the middle of its annual Engage conference in Boston. And today the firm is announcing Content Hub, a new service that makes it easier to distribute and share content across multiple sites and incompatible platforms. In an interview, CEO Tom Erickson said the product was heavily requested by existing customers and also aims to pull in Drupal users that so far haven’t quite been enticed by Acquia. “For organizations using Drupal but not Acquia, this is another way to engage with us,” Erickson said.
The announcement comes as the release of a major Drupal update is imminent and a few weeks after Acquia announced $55 million in new funding to support its growth plans, bringing the firm to $174 million in total funding since its launch in 2007. It also follows Acquia’s move to a new Downtown Boston office, from Burlington, in May. The company now employs 329 in Boston and 720 overall.