Chi said little would change when it comes to the company’s

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WeddingWire cashes in with

The investment, from British private equity fund canada goose outlet orlando Permira, is expected to close in the third quarter of 2018. The deal gives Permira a majority ownership stake in the company, while the existing management team retains a “significant minority ownership stake.”The investment is seen as a major step forward for founder Tim Chi, an emerging business leader in the canada goose outlet store quebec Washington area who also canada goose outlet black friday co founded the education technology company Blackboard. In a recent interview, Chi said the company plans to use the extra capital to expand deeper canada goose outlet in canada goose outlet uk into global markets, adding fuel to a broader canada goose outlet mall business canada goose outlet jackets shift that started in 2015.Permira “has a canada goose jacket outlet proven track record of helping companies expand globally,” Chi said.WeddingWire has built its business serving as an all purpose e commerce and event management platform that includes everything a newly engaged couple might canada goose victoria parka outlet need to plan a wedding. For customers, it canada goose factory outlet toronto location offers technology canada goose outlet toronto address to bridge what Chi calls “pain points” that have dogged couples for generations.For the diverse array of businesses that touch the $200billion weddings industry, that means an easy way to find business online. The company maintains a directory of 400,000 wedding vendors that includes photographers, florists, DJs and more.Chi said little would change when it comes to the company’s canada goose outlet belgium business model, even as it adapts its canada goose outlet 2015 product to new countries and markets.”We’re going canada goose outlet vip to continue to do exactly the same thing canada goose outlet sale we’ve been doing for the last 11 years, which is, as canada goose outlet trillium parka black a marketplace, making sure that all of our customers, the wedding professionals making that special day happen, are seeing business,” he said.The firm pushed into overseas markets in 2015 when it bought a European competitor called Wedding Planner, giving it an office in Barcelona and a foothold in Europe. Today, international canada goose outlet winnipeg address business accounts for more than 40percent of the company’s revenue, the largest portion of which comes from Europe.Revenue from those markets is increasing about 30percent each year, according canada goose outlet store toronto to a release published by canada goose uk site the company.”The sort of industrial logic for that has been that we felt that weddings are truly global,” Chi said. “Culturally they can be different, but as far as the execution of them and the pain points, that’s sort of universal.”More canada goose outlet real recently, the firm is canada goose factory outlet vancouver making inroads into the Indian subcontinent, opening an office in Delhi where it helps coordinate weddings in a few large Indian cities. Expanding into Canada and Britain was also a focus for the company last canada goose outlet uk year.WeddingWire has been somewhat unique in the tech start up world in that it has been profitable for much of its growth.The company has grown quickly since it was founded in Chi’s basement in 2006. Chi declined to disclose exact revenue canada goose outlet las vegas figures but said the company crossed the $100million revenue mark canada goose coats uk last year, something that is considered a major steppingstone separating late stage start ups from larger tech companies. The company has been profitable “for many, many years,” http://www.mycanadagoosejacket.org he said.Even as the company has expanded internationally, it has said that it wants to remain rooted in the Washington area where canada goose outlet location it was founded. The company recently renewed an eight year lease for canada goose outlet store montreal its headquarters in Chevy Chase.

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