Automattic has taken over a majority stake in Pressable

Thu, 17th March 2016, 16:16

Automattic has acquired a majority stake in managed wordpress host Pressable with a purchase of Pressable CEO Vid Luther’s shares of the company.. Formerly known as ZippyKid, the San Antonio Texas company was founded in 2010 by Luther before being rebranded as Pressable in 2013.

Pressable announced the move in a blog post saying:

Vid Luther has resigned from Pressable, and we wish him best of luck. Vid is replaced by our new Interim CEO Chris Lauzon. Chris, as many of you know, was the former Director of Support at WP Engine and has been at Automattic for several years. Chris’ background uniquely positions him to help Pressable during this period of transition. Top priority for all of us is to evolve our infrastructure to better support complex WordPress sites for eCommerce, marketing sites requiring social integration, and custom applications running on the WordPress API. Chris will also work to ensure that we continue to deliver the amazing WordPress support that is the hallmark of the Pressable brand. We’re super excited to have him leading our efforts.

The post also states that Automattic has provided Pressable with access to financial resources, expertise, and staff to help lay a solid foundation for growth. Pressable says that in the coming months they will be implementing new infrastructure improvements and a roadmap of new features that will allow client WordPress sites to run faster and more reliably than ever before.

In April of 2015 Automattic invested a million and half dollars in Pressable so they were already a significant investor in the company. Pressable is expected to remain an independent company and will chart its own course.