Acquia Receives $7 Million Series A Financing
NORTH ANDOVER, Mass., December 19, 2007 — Acquia, Inc. today announced it has secured $7 million in a Series A financing led by North Bridge Venture Partners, with additional investment from Sigma Partners and O’Reilly AlphaTech Ventures. The company plans to use the capital to create value-added software and network services around the popular Drupal open source web collaboration and publishing platform. Company founders are Dries Buytaert, original creator of Drupal, and Jay Batson, previously founding CEO of open source VOIP software company Pingtel.
“Watching Drupal grow from a personal hobby project into a thriving and passionate global community has been an incredible experience,” said co-founder Dries Buytaert, the open source Drupal project lead. “With Acquia now part of that community, we’re equipped to do even greater things together.”
“We see an incredible opportunity to take the power of Drupal into new markets and applications,” said co-founder Jay Batson. “We believe that Acquia can bring a level of focused development and marketing that will unleash the potential of the Drupal community.”
“The Drupal community has created an immensely valuable and exciting open source platform for web collaboration. The thousands of active contributors have proven how a meritocracy can significantly advance the way the web is built,” said Michael Skok, general partner at North Bridge Venture Partners. “We’re delighted to be investing in Acquia to accelerate the adoption and support of Drupal, its community, and their partners and customers.”
The Drupal web platform has been downloaded over 2 million times since its inception, and project growth doubles annually. Drupal is used to deliver a wide variety of Web 2.0 application types including single or multi-user blogs, wikis, community networks, digital media portals, and core web content management. Assisted by a thriving ecosystem of consultants and developers, a diverse list of organizations are using Drupal as their core social web platform including SonyBMG, Warner Brothers Records, New York Observer, Forbes, The Onion, Harvard University, and Amnesty International. A huge community has grown up around Drupal, with thousands of active committers who contribute to the open source technology, including nearly 2000 community-developed modules for extending Drupal functionality.