The recurring payment solution, launched in 2012, was developed independently and listed on the official WooCommerce Marketplace. The Prospress team will continue developing its products within the WooCommerce division.
"The eCommerce subscription market has grown by more than 100 percent a year over the past five years," said Paul Maiorana, head of WooCommerce Payments. "Subscriptions are an important part of the WooCommerce experience, so we're excited to work even more closely with Prospress CEO Brent Shepherd and his team to create a unified, flexible solution."
Automattic is a fully distributed company with 900 people working from 68 countries, and Prospress's team is also fully distributed.
"As part of Automattic and the WooCommerce group, we will have access to more fantastic resources and people. WooCommerce Subscriptions users can expect us to continue to develop high-quality software and tools to support subscription commerce businesses," said Prospress founder and CEO Brent Shepherd.
For current users of WooCommerce Subscriptions there is no change. Prospress has two other products, AutomateWoo and Robot Ninja, both of which will be part of the acquisition.
Automattic wants to make the web a better place. Our family includes WordPress.com, Jetpack, WooCommerce, WordPress.com VIP, Simplenote, Longreads, 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 has 900 employees working from 68 countries. For more go to automattic.com.