Automattic - An IPO Candidate in 2016?

As of January 2016, an estimated 25% of websites use the WordPress platform. The ubiquitous content management tool is the work of Matthew Mullenweg, who set out in 2003 to democratize the Web by using open-source software to give anyone with a computer the capacity to publish their thoughts on their own website. In 2005, Automattic Inc. became the corporate face of WordPress, and it is currently valued at around $1.2 billion. After 10 years of steady growth as the market leader, the question is whether 2016 will be the year of Automattic's long-awaited initial public offering (IPO). About Automattic WordPress has become one of the biggest content management platforms on the Web by offering one of the easiest and most secure ways to publish a website. It powers more than a quarter of the world’s websites and is second only to Google in the number of monthly unique visits in the United States. Its closest competitor is Joomla, which has less than 3% market share. In addition to serving the publishing needs of individuals, Automattic offers an enterprise version of WordPress that allows clients to run custom code. The New York Times has been a longtime user of the WordPress platform. #wordpress #smallbusiness #entrepreneur
https://managewp.org/articles/11635/automattic-an-ipo-candidate-in-2016