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Acquia Named to Inaugural Build 100 [March 31, 2014]

Recognized for Achieving Five Years of Sustained Growth As A Company, Helps Organizations Gain Speed and Agility in Delivering Digital Experiences

BURLINGTON – March 31, 2014 – Acquia, where great digital experiences begin, today announced it was named to the Build 100, a listing of elite, U.S. mid-market companies that have achieved sustained growth during each of the past five years.

Boston’s next 12 tech IPOs? [March 20, 2014]

Submitted on
Thursday, March 20, 2014
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BetaBoston

By Kyle Alspach

Acquia, cloud hosting for content management system Drupal. IPO guess: Early 2015. No hurry to go public, but revenue growth (to nearly $70 million last year) already suggests IPO readiness. Boston tech may have gone more than a year-and-a-half in between its last two venture-backed tech IPOs (i.e. Exa Corp. and Care.com, which went public in January). But the region’s tech community shouldn’t have to wait that long again any time soon.

Acquia Might IPO in 2014, Plans for E-commerce Play [March 3, 2014]

Submitted on
Monday, March 3, 2014
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BostInno

By Gilles Bernard

Burlington, Mass.-based Acquia might hold its initial public offering as early as this year.

"We don't have a specific time frame other than to say we're certainly big enough to do it now," the firm's CEO Tom Erickson told the Boston Business Journal in a recent interview.

The company, which offers cloud hosting and tools for development software Drupal, released its 2013 growth numbers last week. In the last year, the company cited revenue growths of 50 percent, hitting its record revenue of $68 million. The company reaped around $45 million in revenue in 2012 – more than double that of 2011. Acquia's revenue has grown for 19 consecutive quarters.

Read more.

Acquia Achieves Record Revenue, Continued International Growth [Feb. 25, 2014]

Company Leads Successful Drupal Migrations, Brings Integrated Digital Experiences to Organizations Worldwide

BURLINGTON, MA – February 25, 2014 – Acquia, where great digital experiences begin, today announced the company's continued growth as the leading provider of integrated digital experiences. Acquia is dedicated to assisting organizations create and deliver digital experiences with both freedom and agility.

Software, Web Firms May Dominate 2014’s IPOs [Jan. 2, 2014]

Submitted on
Thursday, January 2, 2014
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Boston Globe

By Michael Farrell

For the state’s tech workers who wear lab coats, 2013 was a big year. Ten Massachusetts biotech companies debuted on Wall Street. Now, it’s the tech workers in T-shirts’ turn.

At least a dozen Boston-area software and Web companies are poised to go public in 2014, taking advantage of a surging stock market where shares of major technology companies are climbing to new heights.

These won’t be wet-behind-the-ears startups, either. Last year’s IPO market featured many very young biotech companies, but the class of 2014 will probably include many seasoned tech companies, with established customer bases and profits, to boot.

Those getting ready for the public stage include some of the area’s fastest-growing and best-known Web companies, such as Wayfair LLC, a Boston-based seller of home goods, Care.com Inc., a Waltham company that has built a marketplace for dog walkers and home health care nurses, and Karmaloop Inc., an e-commerce company that sells urban streetware.

Lesser-known software companies also appear to be gearing up. There’s the software company Acquia Inc., which earlier this year hired the former top financial officer of Buddy Media Inc., a New York startup that fetched $736 million from Salesforce.com Inc. in 2012. And the cybersecurity firm Veracode Inc. brought on seasoned executive Ed Goldfinger, who helped take Zipcar public in 2011.

Acquia Won't Rush IPO [Dec. 19, 2013]

Submitted on
Monday, December 30, 2013
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Computerworld

By Rohan Pearce

Boston-based Web technology company Acquia is heading towards an IPO but it's in no rush to go public according to Dries Buytaert, Acquia's co-founder and the creator of the open source CMS Drupal.

"For us [an IPO] is something that we're working on but it's not front and centre right now," Buytaert, the CTO of the Drupal services firm, said.

"We think it's a key milestone, but it's only just that as well: It's a milestone in a much longer path to building a significant independent company. So that's the reason I say we're not obsessed with it."

Earlier this year, the company hired Dennis Morgan as CFO, which is "obviously a key component for being able to do an IPO," the CTO added.

"In general we want to be an IPO-ready company such that we have the luxury to file for an IPO if we were to choose to," Buytaert said.

Inside the Road to Acquia's Possible IPO [Dec. 11, 2013]

Submitted on
Wednesday, December 11, 2013
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CMSWire

By Scott Raynovich

The open-source model for software is shaking up the Web Content Management System (CMS) business. One company that has greatly benefited from this is Acquia, one of the Boston area's most successful startups. Co-founded by Drupal's creator in 2007, Acquia has doubled its revenues in each of the last two years and sparked chatter of a US initial public offering (IPO) in 2014.

The Burlington, Mass.-based startup's savvy move to pick Drupal, the open-source CMS development platform, takes a page out of the Red Hat Software book. That model leverages the speed and flexibility of an open-source community while providing the service and support infrastructure to reassure enterprise customers who want to make sure the software is mission-critical.

While in Boston last week, several sources in the startup and venture capital (VC) community identified Acquia as one of the leading IPO candidate for 2014. On the record, nobody affiliated with Acquia will confirm an IPO is in the works. Despite the chatter, VCs never want to talk about an IPO, but that's usually on an agenda — cash and liquidity for investors and insiders is always welcome when you can get it

Michael Skok, an Acquia investor and board member and a partner with North Bridge Venture Partners, wouldn't confirm any imminent IPO plans. But he did confirm the company's solid business model is linked hand-in-hand with Drupal's growth.

"We, as investors, Tom Erickson (the CEO of Acquia), and the team at Acquia are all committed to building an enduring business for the long-term," Skok wrote in an email in response to questions. "They continue to build a strong foundation for future growth fueled by massive digital disruption as organizations of all sizes scramble to keep up with the speed of the web."

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