Digital business company Acquia bags $50 mln

Acquia has raised $50 million in funding. New Enterprise Associates led the round with participation from Split Rock Partners, North Bridge Venture Partners, Sigma Partners, Investor Growth Capital and Tenaya Capital. In addition to the funding, Ravi Viswanathan, general partner at NEA, has been named to Acquia’s board of directors. Headquartered in Burlington, Mass., Acquia is a digital business firm.

PRESS RELEASE

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.
“Digital transformation is a boardroom conversation, and has driven the creation of new executive roles like the Chief Digital Officer and Chief Experience Officer,” said Ravi Viswanathan, general partner at NEA. “Digital requires an entirely different approach that unifies marketing, IT, commerce, and customer service. Acquia sits at the center of the digital transformation happening in the Global 2000. We’re proud to join a team that is leading the digital revolution.”
About Acquia
Acquia is the digital business company. Join Twitter, Mercedes Benz, Warner Music Group, Stanford University and the more than 4,000 organizations that are changing how business gets done. Global 2000 enterprises, government agencies and NGOs rely on Acquia to create new revenue streams, lower costs, and engage audiences more deeply through content, community and commerce.

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