Matt Mullenweg

automattic by Matt Mullenweg

Automattic Acquires Majority Stake In Pressable

Automattic now owns a majority stake in Pressable, a managed WordPress hosting company. Though Automattic has been a primary shareholder in the company since April, Vid Luther, CEO of Pressable, handed over his shares. Because Luther owned 37 percent of Pressable, this is officially an acquisition. When asked about his departure, Luther explained how hard he was working without seeing much result. “This is the best thing that I could have done for my family, or myself,” Luther said in an interview with Post Status. Automattic has acquired several WordPress companies since 2007, when it bought significant shares of Gravatar. Since then,…