Open source software firm Acquia raises $30 mln [Nov 29, 2012]

Submitted on
Thursday, November 29, 2012
Yahoo News

(Reuters) - Acquia, a U.S. startup that advises enterprises on open source content management system Drupal, said it has raised $30 million from Investor Growth Capital and other venture firms to finance its expansion.

"We are at a stage where we are seeing tremendous growth," Acquia co-founder and Drupal creator Dries Buytaert said in a telephone interview, adding the financing will enable Acquia to invest in new products, sales and marketing, and to expand in Europe and Asia.

"There seems to be a big shift from funding consumer Internet companies to enterprise Internet companies. It seems enterprise software is sexy again," Buytaert said.

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