The world’s largest domain name registrar, GoDaddy.com Inc., was just acquired for $2.25 billion by a group of investors.
According to Los Angeles Times, the deal was finalized on Friday, July 1st, 2011. The group of investors include KKR & Co., Silver Lake Partners and Technology Crossover Ventures.
In a press conference, the CEO of GoDaddy, Bob Parsons, said “What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. They’ll help us finance and they’ll help us recruit talent.” Post acquisition, Bob will still be the largest individual share holder in the company.
The company’s sales grew by 25% to $947 million from 2009 to 2010 with 2011 projections being over $1.1 billion. The company has registered over 48 Million domain names with a large global pool of 9.3 million customers. It also provides additional services such as web hosting, email and consulting. However, domain name registrations bring in the most revenue. The company was founded by Bob Parsons in 1997. Since then, it has become the most trusted registrar on the web.
It looks like the sexy Super Bowl commercials featuring the famous GoDaddy girls in their bikinis have finally paid off.
No comments:
Post a Comment