WP Engine Secures $15 Million to Accelerate Global Growth and Innovation
Rapid adoption of WP Engine’s platform across SMBs, enterprises, big media and Fortune 500 companies attracts North Bridge as growth round investor
AUSTIN, Texas, January 14, 2014-- WP Engine today announced a $15 million investment from North Bridge Growth Equity. The investment will be used to accelerate growth through the introduction of new product innovations across the WP Engine platform.
The funding comes at a time of explosive growth for WP Engine and WordPress. WordPress is the most popular content management system on the Internet, powering nearly 20% of today’s web. Founded in 2010, WP Engine has grown alongside WordPress and currently powers tens of thousands of websites and applications built with the WordPress platform. WP Engine’s platform delivers the fastest, most reliable and most secure web experience possible for customers ranging from bloggers and SMBs to the Fortune 500.
“We are excited for North Bridge to join the WP Engine team,” said Heather Brunner, CEO of WP Engine. “As we continue to experience hyper-growth as a business, this investment will enable us to accelerate our platform innovation and deliver market leading customer experiences. Our goal is nothing less than delivering the best customer experience for managing WordPress in the marketplace.”
WP Engine serves organizations ranging from large enterprises and big media to SMBs, family-run businesses and bloggers who require speed, security, performance and reliability from their WordPress deployments. More than 36 million unique visitors interact with a WP Engine client every day on digital properties spanning retail, media, and financial services. In 2013, WP Engine expanded its executive team in response to surging enterprise demand, most recently naming former Bazaarvoice COO Heather Brunner as CEO in October 2013.
“We are thrilled to partner with the WP Engine team as they build the next great platform company for the front lines of digital customer interaction,” said Matthew Blodgett, a General Partner at North Bridge Growth Equity and the newest member of the WP Engine Board of Directors. “WP Engine has what it takes to win - a powerful vision, strong technology and a seasoned executive team with a track record of success. Together with their clients and the WordPress community, WP Engine is building a new breed of fast, secure, and reliable content management.”
Businesses large and small rely on WP Engine’s exceptional customer service team that specializes in quickly solving technical problems, and creating a world-class customer experience. The service includes top-notch support (the most WordPress experts on staff per 1,000 customers), one-click backup / restore, optimization for speed and scalability, and security features that include automatic software upgrades.
WP Engine allows customers to use WordPress plugins or themes, including custom code. The platform is ideal for pro bloggers, for the enterprise, and also for small dev shops and consultants whose reputation is tied to the performance of the hosting company they select for their clients.
About WP Engine
WP Engine powers amazing digital experiences on websites or applications built with WordPress. The company's premium managed hosting platform provides the performance, reliability and security required by the biggest brands in the world, while remaining affordable and intuitive enough for smaller businesses and individuals. Companies large and small rely on WP Engine’s exceptional customer service team that specializes in quickly solving technical problems, and creating a world-class customer experience. For more information, visit www.wpengine.com.
About North Bridge
North Bridge Venture Partners and North Bridge Growth Equity are active partners with entrepreneurs providing seed-to-growth financing for innovative companies looking to disrupt big markets. With $3.5 billion in capital currently under management, North Bridge partners, many founders themselves, work with entrepreneurs to apply their expertise in the creation, operation and scaling of market-leaders. The firm has funded more than 170 companies creating many billions in market value. The firm has offices in Waltham, MA and Palo Alto, CA. To learn more about North Bridge go to http://www.northbridge.com.
for WP Engine
Mickey Nelson, 651-214-4472
Venture Capital Database