{"id":9899,"date":"2022-04-01T10:12:57","date_gmt":"2022-04-01T10:12:57","guid":{"rendered":"https:\/\/www.hostingseekers.com\/blog\/?p=9899"},"modified":"2022-04-01T10:12:57","modified_gmt":"2022-04-01T10:12:57","slug":"newfold-digital-acquired-yith","status":"publish","type":"post","link":"https:\/\/www.hostingseekers.com\/blog\/newfold-digital-acquired-yith\/","title":{"rendered":"Newfold Digital Acquired WooCommerce Plugin Provider YITH"},"content":{"rendered":"

YITH <\/span><\/a>(Yithemes) is a WordPress theme and WooCommerce plugin provider known worldwide for its operations. The company has recently been acquired by <\/span>Newfold Digital<\/span> and<\/span> Siris Capital Group<\/span>. YITH helps clients develop and expand their <\/span>WooCommerce<\/span><\/a> businesses by using various themes and plugins with expert support from their team. They have around 2.3 million active installs and over 100 plugins that are efficient to fulfill most of the e-commerce demands. The financial terms of the acquisition are not yet revealed.<\/span><\/p>\n

YITH is an independent and huge WooCommerce plugin marketplace. The company designs, develops, maintains, and also supports its library of over 100 free and paid WooCommerce plugins very efficiently assuring long-term reliability. All plugins are built using a unique architecture that ensures 100% compatibility between plugins and the latest WordPress technology.<\/span><\/p>\n

Newfold Digital<\/a> is a global firm that provides online and commerce technologies, with around 7 million clients. Its portfolio includes well-known brands such as <\/span>Bluehost<\/span>, <\/span>HostGator,<\/span> CrazyDomains<\/span>, <\/span>Network Solutions<\/span>, <\/span>Register.com<\/span>, Online.com, and many others. The company, founded in 2021 is a result of a merger between two prominent web services companies Endurance Web Presence and <\/span>Web.com Group<\/span>.<\/span><\/p>\n

Sharon Rowlands, Chief Executive Officer (CEO) at Newfold Digital said, <\/span>\u201cIn today\u2019s marketplace, E-commerce has become a necessity for businesses everywhere around the world. We have nearly 7 million clients, and they not only need online storefronts but also advanced features to support their specific niches, from advanced product catalog functionality to gift card solutions which are YITH\u2019s impressive library of reliable WooCommerce plugins. This will help support our customers with their 2022 e-commerce resolutions\u201d.<\/span><\/i><\/p>\n

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Private Equity<\/b><\/h2>\n

Nando Pappalardo, Chief Executive Officer (CEO) at YITH<\/span> said,<\/span> \u201c<\/i><\/b>Newfold Digital is already a leader in WordPress and WooCommerce, this gives a feeling of excitement to join their growing business\u201d<\/span><\/i>.<\/span>\u00a0<\/b><\/p>\n

Our mission is to support online sellers across the globe and drive new innovations to match all consumers’ behavior. Under the Newfold Digital leadership, we are going to help customers make the most of their business. As YITH joins Newfold Digital we will also continue to maintain the plugin library and deliver everything that we promise of reliability.<\/span><\/p>\n

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