Acquia Closes $8.5M Series C Financing Round
Published On November 1, 2010 |
Acquia, a Boston, MA-based provider of products and services that help organizations build social publishing websites by leveraging Drupal, has closed $8.5m in a Series C financing round.
Investors include existing shareholders North Bridge Venture Partners and Sigma Partners and Acquia’s CEO Tom Erickson.
The company will use the new capital to expand operations in the United States and Europe and accelerate investments in the development of software as a service (SaaS) and platform as a service (PaaS) offerings for Drupal, the open source social publishing platform.
Acquia helps companies (including examiner.com, PhotoRadar, SocialEngines, Red Hat, the Commerce Department and Thomson Reuters), build, deploy and operate corporate websites, social communities and intranets.
In addition, as a member of the global Drupal community, it helps accelerate Drupal usage by contributing to the advancement of the core technology and offering products, services and technical support.