WordpressThe company Automatic, managing a popular blog service WordPress.com, on Friday announced the receipt of an investment of $ 50 million from the private fund Tiger Global.

Experts say that the investments are in the wake of its recent acquisitions of $ 1.1 billion Tumblr blogging service on the part of Yahoo. Edition of Fortune, telling about investing in Automatic, notes that operators are now blogging services in Western markets are very highly regarded, and when investing Automatic was also estimated at 1.1 billion dollars.

In addition to managing blog service, Automatic also oversees the development blog platform WordPress, which is the most popular mechanism for the creation of blogs on the Internet. On the basis of operating system WordPress blogs CNN, Techcrunch, Wall Street Journal and others. Continue reading