Burlington, Mass.-based Acquia might hold its initial public offering as early as this year.
“We don’t have a specific time frame other than to say we’re certainly big enough to do it now,” the firm’s CEO Tom Erickson told the Boston Business Journal in a recent interview.
The company, which offers cloud hosting and tools for development software Drupal, released its 2013 growth numbers last week. In the last year, the company cited revenue growths of 50 percent, hitting its record revenue of $68 million. The company reaped around $45 million in revenue in 2012 – more than double that of 2011. Acquia’s revenue has grown for 19 consecutive quarters.
The company also added 87 new partners in the last quarter, bringing the total number of global partners to 800. Acquia had $82 million in bookings last year. In 2014, however, that number could creep even higher, considering the company’s new product offering. Acquia plans to expand its development services to e-commerce sites to improve the online shopping experience for customers that prefer to peruse on the Web rather than the racks.
Acquia has around 420 employees in posts around the world, half of which work out of its Bay State headquarters. In 2014, the company hopes to increase its headcount by 20 percent – around 120 employees – and boost its presence in India.
As Acquia approaches its IPO this year, it will be in good company. Inbound marketing firm HubSpot and home decor e-commerce leader Wayfair are also heading toward their public offerings. Both HubSpot and Wayfair named banks for their IPO back in February.
Image via Inc.