Deals
Silver Lake Takes $250 Million Stake in Startup WP Engine
- Silicon Valley private equity firm to buy out early investors
- Web technology company seeks to expand in Europe, Australia
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Private equity firm Silver Lake has taken a majority stake in WP Engine Inc., investing $250 million to help the web technology startup buy out some investors and expand internationally.
WP Engine builds tools to better operate websites based on WordPress -- an open-source technology used to build and manage websites and applications. Its platform helps clients host, optimize and analyze those sites.