TEL AVIV, Israel, June 24, 2014 (GLOBE NEWSWIRE) -- Wix.com Ltd. (Nasdaq:WIX), a leading global web development platform, announced today that its worldwide user base had surpassed 50 million registered users. The milestone followed a record first quarter of 2014, a factor largely driven by the company's continued focus on product development, which resulted in the release of over 150 new features, advanced design capabilities and apps since the beginning of the year.
"Back in 2006, my co-founders and I tried to build a website for another business venture. There wasn't a solution out there that could meet our needs, so we founded Wix. Today 50 million users have proven that our need was also theirs," said Avishai Abrahami, Wix Co-Founder and CEO. "From the get go everything we did was shaped and guided by our users' needs. Providing the best product in the market and listening to our users has brought us this far. Continuing to do so will take us to new heights."
Wix's mission is to bring technologically advanced and function rich solutions to all users, regardless of their technical ability or budget. With a powerful drag-and-drop website editor at its platform's core, the company has continued to expand its offering by introducing cutting edge mobile solutions, a vibrant App Market enabling 3rd party app integration, eCommerce capabilities, a host of business management tools and more.
Wix users are rapidly adopting products as fast they're being rolled out, as demonstrated by the 12 million apps installed on users' websites since the Wix App Market's launch and the over 3 million mobile websites built with Wix to date. In line with users' needs and in keeping with the company's mission to provide comprehensive solutions to its users, Wix recently launched two platform advancements, the WixHive API and Mobile Sonic Technology.
The WixHive API will allow formerly standalone applications to share gathered data giving site owners powerful new capabilities. The Mobile Sonic Technology will ensure that mobile sites created with Wix load quickly, catering to the growing market demand for on-the-go accessibility.
"The key to reaching 50 million users is developing innovative tools, that would typically require having expert coders or designers on deck," said Nir Zohar, Wix President and COO. "We're bringing enterprise level capabilities to every business no matter how small, which makes Wix the go-to destination to build, manage and grow a business online."
About Wix.com Ltd.
Wix.com is a leading cloud-based web development platform with over 50 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online. The Wix Editor and highly curated App Market enable users to build and manage a fully integrated and dynamic online presence. Wix's headquarters are in Tel Aviv with offices in San Francisco, New York, Vilnius and Dnepropetrovsk.
This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Such forward-looking statements may include projections regarding our future performance and may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek" and similar terms or phrases. The forward-looking statements contained in this press release are based on management's current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our ability to grow our user base and premium subscriptions; our ability to maintain and enhance our brand and reputation; our ability to manage the growth of our infrastructure effectively; changes to technologies used in our solutions or in global, national, regional or local economic, business, competitive, market, regulatory and other factors discussed under the heading "Risk Factors" in our annual report on Form 20-F for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 20, 2014. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.