There’s a new big name on the web hosting scene
A new $3 billion acquisition is shaking up the web hosting space
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Investment firm Clearlake Capital Group has announced a host of financial dealings that will have a major impact on theweb hostingsector. Perhaps the most eye-catching news released by the company is the completion of its $3 billion all-cash takeover of the Endurance International Group.
Clearlake’s purchase of Endurance was originally announced in November of last year but closure had to wait until the new year. With the acquisition closed, Endurance will now be delisted from the NASDAQ stock exchange.
Upon announcing the deal, Clearlake also confirmed that it would be forming a new web hosting company calledNewfold Digitalin partnership with Siris Capital Group. Newfold Digital will be anSMB-focusedprovider of web presence solutions, replacing both Endurance Web Presence and Web. The new organization will serve around 6.7 million customers around the world.
A new player
“This combination creates an industry leader with tremendous scale and a strong portfolio of marquee brands and product offerings that furthers our commitment to helping SMBs establish themselves online,” Sharon Rowlands, CEO of Newfold Digital,said. “We are excited to join forces with the Endurance Web Presence team and want to thank Clearlake and Siris for their continued support as we deliver the highest quality solutions for our customers in pursuit of profitable growth.”
In fact, Newfold Digital now encompasses a host of well-known web hostingbrands, including Network Solutions, HostGator, Domain.com, and many others. Collectively, this means that Newfold Digital is able to offer a huge range of web services, such asshared web hosting plans, fullymanagedofferings,Linux-based hosting, and much more besides.
In addition to its acquisition news and its Newfold Digital announcement, Clearlake and Siris also confirmed that they had completed a strategic equity investment in Constant Contact.
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Barclay has been writing about technology for a decade, starting out as a freelancer with ITProPortal covering everything from London’s start-up scene to comparisons of the best cloud storage services. After that, he spent some time as the managing editor of an online outlet focusing on cloud computing, furthering his interest in virtualization, Big Data, and the Internet of Things.
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