Codeable.io Announces Share Buyback and Partnership With WooCommerce

COPENHAGEN, Denmark, July 13, 2016 /PRNewswire/ -- Codeable.io, a leading global outsourcing marketplace for high quality WordPress projects, today announced a share buyback from CAPNOVA and funding from several investors, including Automattic, the company behind WordPress.com and WooCommerce. The company also secured a loan from the Danish Growth Fund.

In addition to the investment, Codeable will partner with WooCommerce, the world's biggest e-commerce platform for WordPress, to offer site owners opportunities to connect with expert WordPress developers. "We want to give site owners as many opportunities as possible to have great WordPress or WooCommerce sites, and we believe supporting and partnering with code project marketplaces such as Codeable is a step in the right direction," said Catherine Stewart, Automattic's VP of Business Development.

Per Esbensen said, "I couldn't be happier to have an amazing brand like Automattic as our partner. The past couple of months have been a lot of hard and rewarding work and now that it is done, we will again shift our focus to what we've always strived for at Codeable: Quality. A lot of poor-quality online outsourcing services over the years have given the industry a bad reputation and we're doing all we can to return it to its former glory."

About Codeable ApS:
Codeable ApS is an online global outsourcing company with headquarters in Copenhagen, Denmark. Founded in 2013 by Tomaž Zaman and Per Esbensen, Codeable has disrupted the market for WordPress outsourcing by focusing on quality of work, communication, and customer service.

About Automattic:
Automattic wants to make the web a better place. Our family includes Jetpack, WooCommerce, WordPress.com, and more. With WordPress.com, you can create beautiful websites and blogs for free and enhance those sites with our premium services. A fully distributed company, Automattic — celebrating 10 years in 2015 — has over 478 staff in 45 countries.

Media Contact:

David Papandreas
407-340-7518

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/codeableio-announces-share-buyback-and-partnership-with-woocommerce-300297904.html

SOURCE Codeable.io

[ Back To TMCnet.com's Homepage ]