Ruminations on tech, the digital media, and some golf thrown in for good measure.

Austin’s WP Engine Garners $250M Investment

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Big investment news here in Austin today.

The Austin Business Journal’s Mike Cronin is reporting that Silver Lake Partners — the same firm that took Dell private — has invested $250M in Austin’s WP Engine, a WordPress hosting firm.

The massive funding from Silver Lake Partners will “accelerate innovation” and “fuel future growth internationally,” according to the announcement.
– via Austin Business Journal

The story also indicates WP Engine executives announced that the company achieved $100M in annual recurring revenue, and now has more than 75K customers around the world.

“We are partnering with Silver Lake because of their incredible track record as technology investors, their understanding of digital platform businesses like ours and because of the alignment in core values we share,” said Heather Brunner, WP Engine’s chairwoman and CEO, in a statement. “This partnership will help us further invest in our Digital Experience Platform and bring the power of our platform to WordPress users all around the globe,” Brunner said.
– via Austin Business Journal


Written by turbotodd

January 4, 2018 at 10:38 am

Posted in 2018, wordpress

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