WeddingWire's parent company gets a new name with a familiar CEO - Technical.ly DC

Business

Mar. 15, 2019 1:06 pm

WeddingWire’s parent company gets a new name with a familiar CEO

WeddingWire and New York-based The Knot will maintain their current offices under the combined parent company named The Knot Worldwide. The company will be led by WeddingWire cofounder and CEO Timothy Chi.
WeddingWire provides connections to plan the big party.

WeddingWire provides connections to plan the big party.

(Photo by Flickr user Camelot Party Rentals, used under a Creative Commons license)

Two wedding marketplaces have announced a new name for their parent company and welcomes a new CEO.

Last year after private equity firm Permira Funds invested $350 million in WeddingWire, the Chevy Chase, Md.–based online marketplace helping engaged couples get connected with wedding service providers, it took over majority ownership before adding another major wedding company to its portfolio. In December, Permira Funds and Spectrum Equity also closed on a $1 billion deal to buy New York-based XO Group Inc., owner of the The Knot which curates an online wedding planner and app, the Washington Business Journal reported.

From these two major deals, the companies will now live under the combined parent company, The Knot Worlwide. Timothy Chi, CEO and cofounder of WeddingWire, has been named sole CEO of the parent company. Mike Steib who helped lead the merged group briefly as co-CEO, joins the company’s board of directors as vice chairman. WeddingWire will maintain its Chevy Chase, Md., office and The Knot will remain in New York.

The Washington Business Journal reported that the combined companies posted $260 million in revenue.

Check the Technical.ly Jobs Board for new opportunities
Companies: WeddingWire
-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Bobbie Kilberg is retiring after 22 years of leading Northern Virginia Tech Council

This Week in Jobs: Here Fishy, Fishy Edition

This Week in Jobs: Rock Wall and Ball Pit Edition

SPONSORED

DC

Verizon is looking for the brightest ideas on how to use its 5G technology

Philadelphia, PA

Vistar Media

QA Engineer

Apply Now

Washington, D.C.

The Washington Post

Scrum Master

Apply Now

Washington, D.C.

The Washington Post

Software Engineer

Apply Now

On the Market: Aquicore is hiring a software engineer and an energy director

6 ways to make your hiring process more inclusive

Power Moves: Selina McPherson is now leading marketing efforts at The Brand Guild

SPONSORED

DC

Escape the August heat with cool AI tech

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!