Los Angeles, CA (PRWEB) March 28, 2012
MediaPass™ (http://www.mediapass.com), a leading subscription solution for websites, announced today it raised a $1.75M Series B round. Comprised of several investors, the funding will fuel the company’s rollout of extensive tools and solutions that simplify subscription deployment for MediaPass partners.
The news of the funding raise follows on the heels of MediaPass’s participation in Automattic’s new Featured Partner Program for WordPress.com VIP. MediaPass Subscriptions is now one of the select new publisher tools available to WordPress.com VIP customers with seamless integration into the web’s leading CMS. MediaPass Subscriptions will support configuration and management of a sophisticated subscription model directly from the WordPress.com VIP dashboard. Carefully vetted and reviewed, MediaPass Subscriptions (http://www.wordpress.org/extend/plugins/mediapass/) is now one of the exclusive WordPress plugins officially certified by the WordPress.com VIP staff.
“The web’s largest publishers can no longer ignore the monetization opportunities emerging from subscription based models,” said Matthew Mitchell, CEO of MediaPass. “Our solutions make it easy for content publishers of any size to deploy subscriptions for any portion of their content. WordPress.com has taken notice of the web's growing desire to optimize revenue opportunities via premium content models, and our new partnership with Automattic allows us to be the premier solution for subscription management issues. We’re thrilled to use our funding to propel the most robust content monetization offering on the web.”
Based in Los Angeles, MediaPass is a full-service subscription solution with customizable features and secure billing management. Merchant processing, fraud protection, and subscriber support is provided to all MediaPass publishers. The latest version of MediaPass Subscriptions for WordPress will also be available to WordPress.org’s more than 30 million websites through the official WordPress.org Plugin Directory: http://www.wordpress.org/extend/plugins/.
MediaPass™ (http://www.mediapass.com) is a leading subscription solution for websites and works on any platform or CMS. Using MediaPass, a website can sell recurring subscriptions to their online content, without the resources and costs typically associated with in-house development. Founded by experts in online subscription models, MediaPass aims to service the growing world of web publishers who are frustrated with the limitations of an advertising-based revenue model and desire a simple, yet customizable subscription product.