WP Engine Secures $15 Million to Accelerate Global Growth and Innovation – 4


Rapid adoption of WP Engine’s platform across SMBs, enterprises, big
media and Fortune 500 companies attracts North Bridge as growth round
investor

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
mickey@bradypr.com

Jan 16th, 2014 | Posted in Technology
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