Automattic is the parent company of WordPress.com and all of its affiliates, which power over 27% of all websites on the internet. WordPress.com is an easy to use platform to create your own website and publish content on the internet. The platform is open-source and free for all users, who have the choice to pay for premium features and plugins such as ones for ecommerce, data backup, cloud storage, performance improvements, syndication, etc. Automattic also supports WordPress.com VIP, a premium service designed for large-scale enterprises. WordPress.com VIP takes WordPress.com and adds the ability to incorporate custom web design code. In addition, WordPress.com VIP offers companies a robust content management system and 24/7 support service.
Automattic is also the parent of WooCommerce, a platform with over 18 million downloads that powers 10% of all online stores. This is more than Shopify (NYSE:SHOP), which has a current market cap of almost $4 billion.
*Based on Preferred Stock Price, Automattic does not have a stock symbol since it is currently private and is yet to have an IPO.
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