(CEO Tom Erickson and CTO Dries Buytaert.)
Another big-name Boston brand is moving out of the suburbs and into the city where it belongs.
Acquia will be taking over floors 10 and 11 of 53 State St. in Boston’s Financial District, the home of “the next innovation neighborhood.” Ringing in at 73,000 square feet, the space is double the size of the software company’s current location in Burlington, Mass.
Founded in 2007, Acquia provides products, services and technical support for Drupal, an open-source Web content management system created by Acquia CTO Dries Buytaert in 1999.
The company closed a $50 million round in May, bringing Acquia’s total amount raised to $118.6 million. In 2013, Acquia disclosed 2013 revenue growth of 50 percent, to nearly $70 million. The company’s revenue has increased for 19 consecutive quarters, and with all this expanded, downtown space, that growth is expected to continue.
Acquia CEO Tom Erickson did go on the record in March saying the firm could be aiming for an initial public offering in 2014. The event would come on the heels of two other Boston IPOs: inbound marketing software firm HubSpot, whose shares opened at $33 earlier this month, and e-commerce giant Wayfair, which started trading publicly at $36 a share roughly a week prior.
If all goes according to plan, Acquia should be moving into its downtown digs in March 2015.
Image published with permission from Acquia.