New York - Automattic, the developer of the WordPress blog
publishing software, has raised $29.5 million in new financing from Polaris
Venture Partners, True Ventures, Radar Partners and The New York Times Company (NYSE: NYT),
The Times reported.
Automattic powers some 2.2 million blogs, including over 50
operated by The New York Times, and the Times Company's About.com guide site.
The
company, which is already profitable, will use the funds for product
development.
Related Links:
http://www.nytimes.com/2008/01/23/business/media/23nytimes.html
http://ma.tt/2008/01/act-two/
http://automattic.com
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