AAA Acquia contents itself with $55m

Acquia contents itself with $55m

Acquia, a web content management technology provider backed by media company O’Reilly and e-commerce company Amazon, closed a $55m round led by investment firm Centerview Capital Technology yesterday.

The round also featured existing backers including venture capital firms New Enterprise Associates (NEA) and Split Rock Partners.

Acquia has built an open cloud platform that enables businesses, government agencies and non-governmental organisations to create and deliver online content. The funding will support operations, product development, sales and marketing.

Tom Erickson, Acquia’s chief executive, said: “At Acquia, we pride ourselves on guiding today’s leading organisations as they digitalise their business.

“This investment in Acquia will enable our team to focus on doing what we do best, helping our customers achieve maximum business impact by delivering digital experiences that are flexible, agile and open.”

Amazon invested an undisclosed sum in Acquia in August 2014, three months after closing a $50m series F round led by NEA that included Split Rock, North Bridge Venture Partners, Sigma Partners, Investor Growth Capital and Tenaya Capital which took its overall funding to $110m.

O’Reilly Media took part in Acquia’s $7m series A round in 2007 through its O’Reilly AlphaTech Ventures unit, investing alongside North Bridge and Sigma Partners.

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