whereas apps proceed to develop in popularity as a first-rate route for individuals to interface with the digital world, there continues to be a really colossal role for the web, and these days, a startup that helps organizations build and run web sites, mainly on WordPress, has raised a extremely giant circular of money.
WP Engine, which claims to be one of the most world’s largest WordPress hosts, has raised $ 250 million in funding led by way of Silver Lake, money that the business intends to make use of to gas its foreign boom and continue developing its Digital event Platform, the product that underpins its main line of company.
The company did not disclose its valuation (we’re asking) in its own announcement of the funding, however in its last round, in 2015 when it picked up a modest $ 20 million, WP Engine became valued at simply below $ 194 million publish-money, based on PitchBook. this would imply a present valuation of at least $ 444 million, or greater if this became an up-round.
It’s likely it turned into: the enterprise boasts that it now makes greater than $ 100 million in annual ordinary salary and has greater than 75,000 customers, up 30 percent within the ultimate yr.
The business, truly, says that its platform powers around five % of all cyber web visits. WordPress itself, WP Engine says, bills for 29 % of the complete information superhighway these days, versus 13 % in 2010.
This makes WP Engine the biggest WordPress host among the many 1 million most-trafficked websites on the web, and a significant player in its own correct, inserting to paid the belief that a company that is constructed on a platform — in WP Engine’s case, WordPress — it doesn’t own is in a precarious state.
(For those questioning, the 29 % stat is in keeping with analysis from W3Techs from November 2017; and the ‘largest’ stat comes from “WP Engine analysis making a choice on the internet content administration methods’ digital fingerprints for the most visited 1,000,000 sites as recognized by Alexa.”)
As you may are expecting for an organization that works with enterprises, there’s extra to WP Engine than simply internet hosting. It integrates with features like AWS and Google Cloud Platform, provides now not simply infrastructure however analytics and protection and support, in a platform that will also be used by using americans across the total ecosystem of a corporation’s digital operations, from developers to marketers and others.
to date, the Austin, Texas-based company has raised round $ 290 million including this newest circular, with other buyers together with none aside from Automattic, the company behind WordPress, in addition to GuidePost increase equity (previously known as North Bridge), Eric Ries (of “Lean Startup” repute) and Silverton.
Silver Lake coming on is a big addition to that mix, given its music checklist with a number of different massive-name, outsized startups reminiscent of Alibaba, Didi Chuxing, SoFi, Tesla and a lot of extra.
“we are partnering with Silver Lake because of their fabulous song listing as know-how buyers, their figuring out of digital platform groups like ours and since of the alignment in core values we share,” talked about Heather J. Brunner, Chairwoman and CEO of WP Engine, in a press release. “This partnership will help us additional put money into our Digital event Platform and bring the power of our platform to WordPress users throughout the globe.”
“WP Engine’s business-grade know-how and striking provider permit its clients to swiftly create excessive quality websites with most fulfilling-in-category performance,” noted Lee Wittlinger of Silver Lake in the remark. “We agree with WP Engine is poised to take a leading world place within the quickly-transforming into WordPress ecosystem and we seem to be forward to working alongside the business’s proficient management crew as it executes on its subsequent section of construction.”
As part of the deal, Wittlinger, Greg Mondre, and Mark Gillett of Silver Lake are becoming a member of the board.
updated with greater clarification about the internet traffic statistics.
Enterprise – TechCrunch