Drupal hosting platform, Acquia announced on Tuesday that they have completed a $50 million funding round. According to Acquia, this latest financing bring the total investment in the company of $11.6 million. The latest round was led by the new investor, New Enterprise Associates. This also include new Investor Split Rock Partners, and existing investors Sigma Partners, Investor Growth Capital, and Tenaya Capital.

 

This new funding will help Acquia scale its sales and marketing efforts and increase channel investments and double down on growth areas – including e-Commerce.

According to the report, the company has hinted towards IPO in several interviews over the past couple of years. Acquia could hold its initial public offerings this year.

Read the rest of the news here: http://www.bizjournals.com/boston/blog/techflash/2014/05/acquia-appoints-new-cfo-to-help-take-the-company.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_boston+(Boston+Business+Journal)