2014年5月5日星期一

WordPress.Com close relative Automattic Raises $160 Million, Valued next to $1.16 Billion

WordPress.Com close relative Automattic Raises $160 Million, Valued next to $1.16 Billion

Source by http://www.Laptop-akku-shop.De/ : Automattic, the company behind WordPress.Com and other complication publishing tools, has raised $160 million from investors, plus Insight Venture Partners, head of the company Matt Mullenweg fixed.

The series standards the nine-year-old company next to $1.16 billion, gone the investment, which is its chief since it raised $12 million taking part in 2008.

According to a blog pillar by Mullenweg, the series was led by Insight Venture Partners, at the same time as well at the same time as other different investors Chris Sacca and Endurance. Taking part in addition, longtime backer devoted Ventures has bent a “special vehicle” to enhance its investment and existing secondary investors, Tiger international Management and Iconiq, plus participated.

WordPress software without hesitation powers 22 percent of the world’s top 10 million websites, according to W3Techs. (That includes this position — Re/code is a customer of the WordPress.Com bigwig service.)

Riches had previously reported with the purpose of the series was taking part in the factory, and it is without hesitation bunged. A source held concern taking part in the series was tall, and Automattic might own taken at the same time as much at the same time as $220 million taking part in funding. Unexpectedly, $1.16 billion was concerning the same amount with the purpose of Yahoo paid taking part in hard cash used for social blog position Tumblr stay fresh day.

Automattic had previously raised a secondary series from Tiger international and Iconiq. Mullenweg, Automattic’s fail, recently took finished the head of the company role from his long-time occupational partner Toni Schneider.

Taking part in an interview, Mullenweg held with the purpose of he is aiming to application the money used for a come to of things, plus growing the occupational, expanding its diminutive employee starting point of 240 and increasing marketing. While Automattic has been run at the same time as a break-even occupational, he eminent with the purpose of it would without hesitation start in on “leaning taking part in destructively to take gain of opportunity, which we all believe is a important solitary.”

Automattic’s competitors own certainly been investing, eminent Mullenweg. Taking part in their stay fresh rounds, Weebly raised $35 million, Squarespace $40 million and means $25 million. Taking part in addition, Wix is at this time valued next to around $730 million, raising $127 million, taking part in an IPO.

“I believe the complication deserves a truthfully exposed platform and operating logic to prepare the after that generation of content-oriented occupational on,” he held. “I wish for WordPress to transpire the unsurpassed publishing platform taking part in the earth, restrict not a bit, plus the unsurpassed interface, authoring natural environment and design tools.”

Taking part in his blog pillar, Mullenweg eminent with the purpose of it would take the funding to prepare so, plus a focus on its mobile phone products, e-commerce tools and a different version of WordPress.Com:

“It was plus simply a day since I held ‘Automattic is healthy, generating hard cash, and already growing at the same time as fast at the same time as it can so there’s veto need used for the company to raise money right away — we’re not money constrained.’ I was unsuitable, but I didn’t realize it until I took on the head of the company role taking part in January.”

At the same time as to what did you say? Is after that, Mullenweg held with the purpose of he notion with the purpose of a “long-form renaissance” was an attractive different trend. “We own to keep up the innovation,” he added. “It is a massive bazaar we are aiming next to.”

Tags : WordPress
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