In November 2007, the company raised a $5 million round of financing from Columbus Venture Capital and launched the beta version of the product.

[5] Lingham said the rename was in anticipation of the company's future direction, and further that "the name SynthaSite has brought us to where we are today, but it won't take us where we want to go.

We're reaching a global market and need a name that is easy to say, resonates in any language, and captures the creativity and excitement that our users bring to their Websites.

Yola Bronze costs $49.95 a year and includes 2GB of storage, a custom domain with private registration as well as unlimited pages and bandwidth.

Silver has many additional features over Bronze, including an expanded storage capacity of 5GB, unlimited premium styles and mobile and Facebook publishing.

It also includes the removal of any Yola branding from the user's sites, Google and Facebook ad credits and more web building tools.

Yola Gold has features in addition to that of Silver, including keyword usage and traffic reporting, automatic SEO monitoring and full-site search optimization scans and has an annual fee of $199.95.