Acquia has been billing itself as a “pre-IPO” software company for a couple of years now, but the seller of website-publishing software and services remains private.
That’s not terribly unusual these days, with a growing number of private tech companies stacking up investment valuations of $1 billion or more without touching the public markets. But we’re still waiting to see some IPO paperwork from Acquia.
In any case, here’s another note that indicates the company’s continued growth: Burlington, MA-based Acquia says it recorded $100 million in revenue for 2014. That’s up from revenues of about $68 million reported for 2013 and about $45 million reported for 2012.
Acquia sells software and services that help other companies run websites based on Drupal, an open-source Web content management system. The company’s founder, Dries Buytaert, is Drupal’s original author.
You might think of Acquia as a business- and government-focused contemporary of WordPress, the widely used web content management platform that is popular with individuals, small publishers, and media companies. Acquia has tended to see itself as a competitor to enterprise-scale publishing software offered by big companies like Adobe and Oracle.
Acquia says it has thousands of customers, and said that it had added big names like Intuit, Princess Cruise Lines, and Oxfam International to its customer roster in the fourth quarter. The company said it also significantly increased its employee base in 2014, growing from 400 workers to more than 575 at its offices around the world.
Acquia has raised around $120 million in private investment over its lifespan, including a $50 million growth round led by New Enterprise Associates announced in May 2014. Another notable investor is Amazon, which wrote a check of undisclosed size last fall. Acquia notes that it’s a big user of Amazon Web Services.
