Acquia, a digital services company based in Burlington, announced Tuesday it has closed a $50 million financing round led by a new investor, Maryland-based New Enterprise Associates. The new financing brings Acquia’s total investment funding to $118.6 million, from investors including Waltham-based North Bridge Venture Partners and Boston-based Sigma Prime Ventures. Acquia provides cloud hosting and related tools and services for websites created using Drupal, a free, open source web development software. Clients include Maxim Magazine, Connecticut-based watch company Timex, Bentley University in Waltham and the Grammy Awards.
Acquia, a startup that helps big companies build and maintain their Drupal-based websites, just picked up a huge round of funding to scoop up new clients and add even more features to its services. Today, the company announced in a blog post that it has closed a new round of funding totaling $50 million. Acquia said it will use the new funding for growth is sales and marketing efforts, as well as focus on its big data marketing, personalization, and commerce offerings. “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 chief executive Tom Erickson. “With this new funding, we’re helping our customers maximize their business impact with our open cloud platform for integrated digital experiences,” he said.
