US firms KKR, Silver Lake Partners and Technology Crossover Ventures are to acquire Go Daddy Group, the world’s largest web hosting business. Financial details were not disclosed, but reports peg the company’s pricetag at $2.25bn including debt.
Founded in 1997 and headquartered in Scottsdale, Arizone,, Go Daddy serves more than 9.3 million customers, and manages over 48 million domain names, with bases in Arizona, Colorado, Iowa, Washington, DC, Singapore, toronto, and the Netherlands.
The company offers more than 50 product lines, including web hosting solutions, website creation services and building tools, secure SSL Certificates, personalised email with spam and anti-phishing filtering, e-commerce tools, and online marketing solutions.
Silver Lake managing director Greg Mondre said, “Go Daddy is powerfully positioned for future growth as it continues to innovate and add to its truly unique platform of cloud-based software and services.
“At the same time, we plan to maintain and augment all of the attributes that have made Go Daddy a clear market leader today, including world class customer support and competitive pricing for its 9.3 million customers,” he added.
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