Acquia announced significant growth in revenue and bookings as the company’s open source solutions are becoming more widely adopted. Acquia’s year-over-year revenue grew by 108 percent in 2012. According to the Boston Business Journal, this puts Acquia's revenue for 2012 at $45.3 million. Momentum continued in the first quarter of 2013, as Acquia’s bookings increased 52 percent compared to the first quarter of 2012 and more than 15 percent over the quarter prior.
Acquia reportedly achieved significant growth in bookings and revenue as organizations accelerate their adoption of solutions to manage their digital experiences, particularly among life sciences, high tech, media, government and higher education. According to Acquia, with businesses of all sizes seeking ways to fast track their digital marketing efforts, increased demand for solutions that blend content, community and commerce have been particularly popular among chief digital officers, digital executives and digitally-focused CMOs.
“Customer engagement starts with a great digital experience, and organizations require solutions that are agile, resilient, and integrated,” said Tom Erickson, CEO of Acquia. “We’re proud to earn the trust of some of the world’s most well known brands, and we’re passionate about helping them deliver sites that integrate content, community and commerce.”
As marketing software and enterprise IT continue crossing paths, the recent increase in creative agency adoption of Drupal has spurred more opportunities for developer growth within media, entertainment and publishing. The open source Drupal community has also grown into the largest open source community in the world, offering a developer community of more than 950,000 people in 228 countries speaking 181 languages. The Drupal community is expected to hit the 1 million registered members mark by this summer.
Acquia has celebrated a significant amount of good news this past year, well beyond the mention of the year-over-year revenue more than doubling in 2012. Acquia has also recently secured $30 million funding with existing investors and new investors (Investor Growth Capital and Accolade Partners). To keep up with the new demand, Acquia also doubled its employee count in the past 15 months to more than 340 employees globally.
“Open source software is disruptive for the enterprise software market, and at Acquia, we’re enabling our customers to build disruptive digital businesses in an open source way,” said Dries Buytaert, CTO and co-founder, Acquia.
Acquia adds greater flexibility for digital innovation at the enterprise with its Open SaaS platform for Drupal Gardens, which delivers the disruptive benefits of open source Drupal along with the freedom that a Software-as-a-Service platform provides. Increasingly, businesses have offered their websites though Drupal Gardens. Organizations like Warner Music Group are rapidly launching hundreds of branded websites on Drupal Gardens, all with advanced features and designs, and managing them centrally through a browser.
Customer and Partner Expansion
Acquia’s customer base has reached more than 3,800 customers, up from more than 2,000 at the end of 2011. New enterprise customers include Georgetown University, Olympus Corporation of the Americas, Polycom and Sprout.
Acquia added more than 50 new partners in the first quarter of 2013, bringing the total number of global partners to nearly 650. Systems integrators that recently have joined the Acquia Partner Program include Aquilent, Crown Partners, Capgemini, Cognizant, EPAM Systems, SDG Corporation and Tieto. Acquia has also partnered with several digital agencies, including Digitaria, Emakina, Nurun, Possible, Razorfish Healthware and RoundArch Isobar.
"Leading digital marketing agencies are transforming the way brands communicate and how businesses run through immersive digital experiences," said Dan Khabie, CEO of Digitaria, a WPP company. "Through its open source solutions, Acquia is helping Digitaria drive innovative digital marketing campaigns and build engaging communities to create a strong digital advantage for our clients."