Posted on

WooMattic Deal Is Officially Complete

WooMattic-closing

Yesterday marked the official closing of the acquisition of WooThemes by Automattic!

After several months of due diligence, we inked the deal in the middle of May and were waiting for closing items to be completed. One of the biggest items on the closing agenda was the approval from SARB. For those fortunate enough to have dealt with the banking system in South Africa, you’ll know that timeframes are very hard to establish.

We had pegged 1 July as the start date for all employee contracts but weren’t too optimistic about getting a response by then. To our surprise, we got the approval on Monday so we could go ahead with the last closing items. We worked frantically for two days to tie all loose ends and finished our accounts for June in record time to allow us to be able to keep the 1 July date.

9th of July would have marked the seventh birthday for WooThemes, after creating it with Mark and Adii back in 2008. It has been one hell of a life-changing journey to be part of, and I’m so happy that our team of 55 people (minus 2) are joining us in this next adventure as part of Automattic.

Today marks my first day at Automattic, and however overwhelming it may be I’m really excited for what the future holds.

5 thoughts on “WooMattic Deal Is Officially Complete

  1. Congratulations Magnus. Wish you guys all the best!

    1. Thanks for being part of the ride!

  2. Congratulations. I’ve always had good experience with WooThemes, so the fusion between you guys and the people behind WordPress is…exciting, to say the least.

    1. Hi Jon,

      That’s nice to hear, and yeah, it will definitely be exciting to see what we can come up with 🙂

  3. Congrats Magnus. It has been a long journey and I hope you get some time to relax now 🙂

    Best wishes to you and your team.

Leave a Reply

Your email address will not be published. Required fields are marked *