AUSTIN, Texas — Jan. 4, 2018 – WP Engine has just announced a strategic partnership with Silver Lake, a private equity firm that is recognized worldwide as one of the largest technology investors, with over 39 billion USD in assets under management. The investment from Silver Lake to WP Engine secures $250 million in funding, a significant backing for the $100-million in annual recurring revenue WordPress web hosting giant. As per the terms of the agreement, several Silver Lake partner and director-level additions will be made to 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.”
WP Engine has seen exponential growth in recent years, as they have expanded their WordPress hosting platform to serve over 75,000 companies across 130 countries worldwide. Since their inception in 2010, WP Engine has expanded beyond their headquarters in Austin, Texas, to now hold offices in San Francisco, California; San Antonio, Texas; London, England; Limerick, Ireland, and Brisbane, Australia.
WP Engine: My #1 Recommended WordPress Web Host
For years, I have recommended WP Engine to my clients, ranging from small to medium businesses. Their superior speed and performance, 24/7 US-based support, and seamless web hosting management (automatic backup service, one-click restore options, fully managed servers, effortless automatic migration tools, etc), has left WP Engine as my #1 recommended web host for several years running.
I classify WP Engine as a managed WordPress host, and a top tier provider in the shared hosting space. Their pricing begins at $29 per month for the Personal Plan, with a risk free 60-day money-back guarantee. At the time of this writing, the plan includes:
- 1 WordPress installation
- Up to 25,000 visits per month
- 10 GB of server storage
- Free SSL certificates (via Let’s Encrypt)
- 24/7 premium support
If you’re looking for more installs, visits, and storage space, their plans easy scale you’re your business needs from there.