AUSTIN, Texas – June 24, 2019 – WP Engine, the WordPress Digital Experience Platform (DXP), today announced it has entered into a definitive agreement to acquire Flywheel, a WordPress hosting and management company based in Omaha, Neb.

“On behalf of the WP Engine team, we couldn’t be more excited to join forces with one of the most respected brands in WordPress.

I personally welcome each employee and customer into the WP Engine family and I’m excited about the opportunities we will create in the years to come.” said Heather Brunner, Chairwoman and CEO of WP Engine.

“This powerful combination furthers our vision to be the most relied upon platform for WordPress.

Our continued investment in WordPress, our shared values and culture, our enterprise-class technology and support, our community of agency partners and most of all our people will be a powerful driver to bring our customers’ breakthrough digital experiences to life.”

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Flywheel

Flywheel was founded in 2012 by Dusty Davidson, Tony Noecker and Rick Knudtson, all of whom came from web development backgrounds at agencies.

They focused on creating targeted and innovative products to help agencies grow their business on WordPress. Flywheel numbers more than 200 employees around the world, headquartered in Omaha, Neb., and complements WP Engine’s employees and customer base in North America, Australia and Europe.

The company serves more than 28,000 customers globally. In 2018, Flywheel was recognized by Inc. Magazine as one of the fastest-growing companies in the United States and as the fastest-growing company in Nebraska.

“We founded Flywheel with the belief that in order to help creatives do their best work, we needed to create an internal culture that encourages our employees to do the same,” said Dusty Davidson, CEO and co-founder of Flywheel.

“That philosophy has led us to build an incredible company and some of the most well-loved products in WordPress, supported by an impressive group of talented people and the most remarkable open source community in the world.

I couldn’t be prouder of what we’ve achieved to date, or more excited for what the future holds for us working together!”

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World-Class WordPress

WP Engine and Flywheel are both leaders in the WordPress ecosystem and are deeply committed to its success. Over the past year, the combined efforts of the two companies have amounted to more than $4 million in financial contributions and more than 20,000 hours of time and talent devoted to advancing WordPress.

Going forward, WP Engine will continue to prioritize making investments of time and money into WordPress contributions, open source local development environments, WordPress plugin integrations, continued investment in the Genesis Framework, WordPress themes, thought leadership, sponsorships and product innovation.

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Financials

WP Engine acquired leading WordPress themes developer StudioPress last year.

As announced in January 2019, WP Engine posted an annual recurring revenue (ARR) of $132 million at a growth rate of more than 30 percent.

The details of the transaction are not being disclosed.

Source: Wp Engine Pressroom