Acquia Completes $50 Million Financing Round
Digital Business Optimization Drives Growth for America’s Fastest Growing Private Software Company
BURLINGTON, MA, May 27, 2014 (Marketwired via COMTEX) — Acquia has closed a $50 million financing round, bringing total investment in the company to $118.6 million. Led by new investor New Enterprise Associates (NEA), the round includes new investor Split Rock Partners as well as existing investors North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital. Ravi Viswanathan, general partner at NEA, will join Acquia’s Board of Directors. With the new funding, Acquia will scale its sales and marketing, increase investments in the channel, and double down on key growth areas including big data marketing, personalized engagement, and commerce.
“Digital isn’t just about marketing; it is the core of modern business, disrupting everything — commerce, campaigns, customer service, employee engagement, civic engagement and more. Acquia is powering this disruption for enterprise organizations, creating an enormous opportunity to accelerate our momentum,” said Acquia CEO Tom Erickson. “With this new funding, we’re helping our customers maximize their business impact with our open cloud platform for integrated digital experiences.”
Acquia is North America’s fastest growing private company on the Deloitte Fast 500. Acquia recently announced a strong start to 2014, achieving its 20th consecutive quarter of revenue growth in Q1. Digital has fundamentally changed business, and Acquia transforms how enterprises deliver content, community and commerce on a unified cloud platform. Among the 4,000+ organizations driving digital-first strategies with Acquia are Mercedes-Benz, Warner Music, NBC Sports Digital, Intel Corporation, Puma, LUSH, Timex, the Peace Corps, and Stanford University.