WP Engine, the world’s leading WordPress Digital Experience Platform, announced today a $250 million investment from Silver Lake, the global leader in technology investing, and the company’s achievement of more than $100 million in annual recurring revenue with over 75,000 customers globally, up 30 percent year-over-year.
Silver Lake’s investment in the company will help accelerate innovation on WP Engine’s Digital Experience Platform and fuel future growth internationally.
As part of the transaction, Greg Mondre, Managing Partner of Silver Lake, and Lee Wittlinger and Mark Gillett, Managing Directors of Silver Lake, will join WP Engine’s Board of Directors.
“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 J. Brunner, Chairwoman and CEO of WP Engine.
“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.”
Founded in 2010, WP Engine is a market leader in one of the fastest growing segments of the Internet, providing digital solutions for companies of all sizes to build, manage and deliver compelling websites.
The company’s Digital Experience Platform is the world’s leading software and services solution for websites developed on the WordPress content management system (CMS), the preeminent open source software for website building that powers approximately 29 percent of the Internet, up from 13 percent in 2010.* Today, WP Engine powers more WordPress websites than all other managed WordPress hosts combined among the one million most trafficked websites on the Internet.