Open-source content management system, Drupal, got another boost today when Boston-based Acquia announced it has raised $55 million in venture capital.
“At Acquia, we pride ourselves on guiding today’s leading organizations as they digitalize their business,” Acquia CEO Tom Erickson said in a statement.
While the latest investment is a sign of confidence in the company, it’s also worth noting that back in 2012, while raising a round of $30 million, Acquia said it was closing in on an IPO. Those plans have obviously been shelved.
Acquia was cofounded by Belgium-born Dries Buytaert, who now serves as chief technology officer. Buytaert created Drupal as a free, open-sourced content management system in his dorm room when he was a PhD student in Belgium.
Acquia provides cloud and management services to help companies run their Drupal site. The company said this latest funding would help it expand sales and marketing and develop new products.