Company:WeddingWire
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| Type | Subsidiary |
|---|---|
| Industry | Computer software |
| Founded | Chevy Chase, Maryland (2006) |
| Headquarters | Chevy Chase, Maryland, United States |
Key people | Timothy Chi, CEO; Lee Wang, COO; Jeff Yeh, CTO; Sonny Ganguly, CMO; Andrew Olek, General Counsel; Mike Beach, CFO |
| Owner | Permira Funds Spectrum Equity |
Number of employees | 1551 (2020) |
WeddingWire Inc. is an online division of The Knot Worldwide and operates online marketplaces for the wedding industry in 14 countries, including the US, Canada, Spain, Italy, France, Mexico, Brazil and India. Engaged couples can search for local vendors, read reviews, and use planning tools online through the marketplace.
Profile
The company was founded in 2005 by Timothy Chi, who was one of the founding members of Blackboard Inc. (NASDAQ: BBBB) along with Lee Wang, Jeff Yeh, and Sonny Ganguly.[1] Today, WeddingWire is headquartered in Chevy Chase, Maryland with European offices in Barcelona, Spain.
History
On May 1, 2007, WeddingWire publicly launched [2] the first version of its product offering to engaged couples and local wedding vendors
On February 19, 2008, WeddingWire secured a $5.5MM Series A strategic investment round from Martha Stewart Living Omnimedia.[3]
On June 19, 2008, Martha Stewart Living Omnimedia announced they now offer a full suite of online wedding planning tools, powered by WeddingWire.[4]
On July 11, 2011, WeddingWire announced the acquisition of Project Wedding from eHarmony.[5] [6]
On Dec 7, 2011 WeddingWire announced an investment from Southern Capitol Ventures.[7]
On Dec 14th, 2011, Martha Stewart Living Omnimedia announced the sale of their stake in WeddingWire for $11mm to Catalyst Investors. [8]
On Sept 25th, 2012, WeddingWire secured a $25.0MM Series B investment round from Spectrum Equity Investors.[9][10]
On Feb 26th, 2015, WeddingWire announced the acquisition of Wedding Planner, S.L., a Spanish-based company that operates wedding marketplaces in 12 countries, such as Bodas.net. .[11][12]
On June 9, 2015, WeddingWire announced the acquisition of GayWeddings.com,[13][14]
In September 2018, WeddingWire announced that it would merge with competing wedding planning firm XO Group, parent company of most notably The Knot, and become a privately held company under the control of WeddingWire's existing investors Permira Funds and Spectrum Equity. [15] The merger became official in March 2019 and the new parent company was renamed to The Knot Worldwide. [16] WeddingWire continues to operate as a division of the parent organization.
Awards
- Forbes, America's Most Promising Companies 2014, WeddingWire #60[17]
- Inc Magazine, Inc500/5000, WeddingWire #714[18]
- Ernst & Young, Greater Washington Entrepreneur of the Year 2014, Timothy Chi[19]
See also
References
- ↑ "Error: no
|title=specified when using {{Cite web}}". https://www.bizjournals.com/washington/print-edition/2013/02/01/getting-started-timothy-chi-ceo.html?page=all. - ↑ Say "I Do" to Online Wedding Planning
- ↑ "Error: no
|title=specified when using {{Cite web}}". https://www.bizjournals.com/washington/stories/2008/02/18/daily16.html. - ↑ Brides Can Now Plan Their Entire Wedding at marthastewart.com
- ↑ WeddingWire Acquires ProjectWedding
- ↑ "Error: no
|title=specified when using {{Cite web}}". https://www.bizjournals.com/washington/news/2011/07/11/weddingwire-buys-projectweddingcom.html. - ↑ "WeddingWire Press Center" (in en-US). https://www.weddingwire.com/press.
- ↑ "Martha Stewart Living Omnimedia (MSO) Sells Stake in WeddingWire for $11M". StreetInsider.com. http://www.streetinsider.com/Mergers+and+Acquisitions/Martha+Stewart+Living+Omnimedia+(MSO)+Sells+Stake+in+WeddingWire+for+$11M/7020668.html.
- ↑ Benoit, David (2012-09-25). "WeddingWire Gets $25 Million Investment From Spectrum Equity" (in en-US). https://blogs.wsj.com/deals/2012/09/25/weddingwire-gets-25-million-investment-from-spectrum-equity/.
- ↑ "Exclusive: WeddingWire Says "I Do" to $25 Million in Capital" (in en-US). http://allthingsd.com/20120924/exclusive-weddingwire-says-i-do-to-25-million-in-capital/.
- ↑ Rizzo, Lillian (2015-02-26). "WeddingWire Ties the Knot with Spain-based Wedding Planner" (in en-US). https://blogs.wsj.com/privateequity/2015/02/26/weddingwire-ties-the-knot-with-spain-based-wedding-planner/.
- ↑ WeddingWire Acquires Its European Counterpart, Makes Global Push
- ↑ Mitchell, Benjamin F.. "WeddingWire acquires GayWeddings.com" (in en-US). https://www.usatoday.com/story/money/2015/06/09/weddingwire-acquires-gayweddings/28732499/.
- ↑ "Error: no
|title=specified when using {{Cite web}}". https://www.bizjournals.com/washington/blog/techflash/2015/06/weddingwire-ties-the-knot-with-another.html. - ↑ Nypost.com. Reuters. "WeddingWire to merge with XO Group in $933M deal" "nypost.com" 25 September 2018. Retrieved on 9 April 2019.
- ↑ businesswire.com. "The Knot and WeddingWire Announce New Combined Company—The Knot Worldwide—the Global Leader in the Wedding Industry" "businesswire.com" 14 March 2019. Retrieved on 9 April 2019.
- ↑ "WeddingWire" (in en). https://www.forbes.com/companies/wedding-wire/.
- ↑ "WeddingWire". https://www.inc.com/profile/weddingwire.
- ↑ "EY Entrepreneur Of The Year® US Program" (in en-US). https://www.ey.com/en_us/entrepreneur-of-the-year.
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