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.

(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-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Cvent has acquired a Silicon Valley-based wedding venue sourcing platform

3 ways to find and attract the best engineers in DC

Cvent plans to add another 1K employees this year

SPONSORED

DC

Building a data acquisition system? Don’t make this mistake

Washington, D.C.

The Washington Post

Software Engineer – Analytics

Apply Now
Washington, D.C.

The Washington Post

Site / Full Stack Engineer

Apply Now
Washington, D.C.

The Washington Post

Senior Full Stack Software Engineer

Apply Now

Aerial Applications closed a $4.5M equity funding round

DC-based Venga was recently acquired by OpenTable’s parent company

This Week in Jobs: Homecomings, strikeouts and suspensions

SPONSORED

DC

This fast-growing SaaS company aims to be a force for change in the energy industry

Washington, D.C.

The Washington Post

Full Stack Developer

Apply Now
Washington, DC

Alley

General Manager

Apply Now
DC, SF, NYC

Nava

Experienced Software Engineer – Backend

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!