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Automattic Blogs Away with $50M Investment

2013-05-24
SAN FRANCISCO, CA, Company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund Tiger Global.
According to Reuters, Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund Tiger Global.

Automattic, Inc. is a web development corporation founded in August 2005. It is most notable for WordPress.com (a free blogging service), as well as its contributions to WordPress (open source blogging software). The company's name plays on its founder's first name Matt.
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