Acquia announced yesterday that Vista Equity Partners was going to buy a majority stake in the company worth a $1 billion. That would seem to be reason enough to sell the company. That’s a good amount a dough, but as co-founder and CTO Dries Buytaert told Extra Crunch, he’s also happy to be taking care of his early investors and his long-time, loyal employees who stuck by him all these years.
Vista is actually buying out early investors as part of the deal, while providing some liquidity for employee equity holders. “I feel proud that we are able to reward our employees, especially those that have been so loyal to the company and worked so hard for so many years. It makes me feel good that we can do that for our employees,” he said.
Image via TechCrunch
Written by Ron Miller
This news first appeared on https://techcrunch.com/2019/09/25/how-founder-and-cto-dries-buytaert-sold-acquia-for-1b/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “How founder and CTO Dries Buytaert sold Acquia for $1B”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
