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Web 2.0 News Desk Acquia Gets $15 Million D Round
Popularizer of Drupal Has Now Received Funding Totaling $38.5 Million
By: Maureen O'Gara
Jul. 20, 2011 07:36 PM
Acquia, the popularizer of Drupal, the open source content management system, has gotten a $15 million D round, its largest yet, bringing total outside investment to $38.5 million. It's supposed to use the money to expand internationally, particularly in Europe. It claims it's seeing rapid growth with revenues up 225% year-over-year and its customer base tripling to more than 1,500 in eight months. Tenaya Capital is a new investor, which joined existing backers Northbridge and Sigma Partners in the infusion. Tenaya gets a board seat. Acquia was started by Drupal creator Dries Buytaert and Jay Batson in 2008, and currently provides a managed Platform-as-a-Service (PaaS) cloud and a developer cloud as well as customer configurations, tools, consulting and subscription-based support and given that Drupal can be cranky, users can probably use it. Its client roster includes Twitter, Al Jazeera, Mercedes-Benz, Stanford University, Intuit and the Defense Department. It reckons that more than 2% of all web sites in the world are built on Drupal. Reader Feedback: Page 1 of 1
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