Drupal solutions provider Acquia closes $8M round B
Acquia, the commercial open-source software company that sells its own version of the popular Drupal content management system, has closed an $8M series B funding round led by North Bridge Venture Partners and Sigma Partners.
Dries Buytaert, Drupal’s creator who now serves as Acquia’s CTO, says the funding will be used to accelerate the company’s existing support business, which is its primary source of revenue. The company also plans new products. One is scalable cloud hosting… Continue Reading
Plugg conference finalists to present in Brussels: Discount for our readers
In Brussels on March 12, Plugg, the European startup conference organized by TechCrunch’s Robin Wauters, promises to be an excellent event with a host of knowledgeable speakers and lively competition.
Wauters has extended a 15 percent discount off the €450 registration price. Simply head on over to the sign-up page hosted by Amiando and enter the promotional code plugg09-media-venturebeat at the bottom.
Presenting at the event will be some of Europe’s most prolific tech pundits, each of… Continue Reading
Social publishing company Acquia gets into hosting business
Acquia, the company that tries to make money from open source “social publishing service” Drupal, announced several additions today to the services it offers for websites built using Drupal.
A rich community has grown up around Drupal (which can be used to build everything from a blog to a social network to a wiki), creating new modules that enrich the system. It powers some high-profile websites, including the recent addition of Recovery.gov, the site for tracking… Continue Reading
Roundup: Buffet invests, M&As and IPOs sink, Mac laptops rise and more
Here’s the latest action:
In Buffet we trust — Billionaire Warren Buffet’s Berkshire Hathway group is investing $3 billion in General Electric. Why the investment? GE is the “symbol of American business to the world,” Buffet told VCCircle. That’s the spirit in a troubled economy — or is it bottom-feeding?
New data on M&As and IPOs — Mergers and acquisitions activity and initial public offerings of venture-backed companies are on pace for the lowest levels this decade, according to… Continue Reading
Acquia raises $7M for Drupal platform
Founded only a few months ago, Acquia is a North Andover, Mass. startup that capitalizes on a content management system written by its co-founder in 2001.
The Drupal platform is an open-source product that can be used to create blogs, content portals, wikis and other Web 2.0 applications that could potentially compete with companies like WordPress. Acquia’s business will be in helping others set up their projects.
North Bridge Venture Partners led the $7 million investment, Acquia’s… Continue Reading