Nasdaq: EIGI (2013-2021) | |
Industry | Internet hosting services |
Predecessor | BizLand |
Founded | 1997 |
Founders |
|
Headquarters | , US |
Number of locations | Worldwide |
Key people | |
Services | Web hosting, domain registration, SEO, email marketing |
Number of employees | Over 2,500 (2016) |
Parent | Clearlake Capital |
Website | newfold |
Endurance International Group (EIG), previously named BizLand, was an IT services company specializing in web hosting. The company was founded in 1997 and headquartered in Burlington, Massachusetts, USA. [1] In 2021 Endurance International Group merged with Web.com forming a new company, Newfold Digital. It is one of the Internet's largest webhosting providers, the company was structured differently from other large hosting companies such as Rackspace, GoDaddy, or 1&1 Ionos. The company has grown its hosting and related business through numerous acquisitions. [2] [3] [4]
In 2011, Endurance was bought from Accel-KKR by Warburg Pincus and GS Capital Partners, for around $975 million. [5] In September 2013, the company announced plans to raise $400 million in an IPO. [6] The company announced it would list on the NASDAQ under the ticker symbol EIGI. [7] It went public in October 2013 raising $252 million selling shares to the public at $12 each. This was below the company's target goal of $400 million. [8] [9]
This path to increased size is similar to the path networking company Verio followed in the 1990s, using free cash flow and access to capital markets [10] in acquiring assets to add to their corporate portfolio. [2] The concept was to roll up small ISPs into one large ISP and achieve economies of scale. Endurance acquired hosting companies domestically and internationally. [4]
In 2014, Endurance bought four Directi owned companies – BigRock, LogicBoxes, ResellerClub, and Webhosting.info – for $160 million. [11] [12]
In March 2015, the company announced an investment in Netherlands-based technology startup AppMachine, acquiring 40% of the company. [13] [14] In August 2015, EIG announced the acquisition of Site5 and Verio Web Hosting from NTT. It is estimated that EIG gained 86,000+ new subscribers through these acquisitions. [15] [16] In November 2015, [17] the company acquired Constant Contact, and days later laid off 15% of their workforce. [18] Also in November 2015, EIG acquired the assets of Ecommerce, LLC for $28 million. [19]
In August 2018, the firm's CEO and CFO were fined US$8 million for fraud by the Securities and Exchange Commission (SEC) for misrepresenting company subscriber numbers. [20]
Endurance acquired Ecomdash in October 2019 for $9.6 million in cash, and placed it under the Constant Contact group. [21] [22] [23]
In November 2020, Clearlake Capital Group announced that it would acquire Endurance International Group for around $3 billion. [24] At the closing of the deal in February 2021, Clearlake Capital announced a few wrinkles. Clearlake spun off the Endurance Web Presence division, including subsidiaries Domain.com, Bluehost, and HostGator.
Endurance Web Presence merged with Web.com to form a new company, Newfold Digital, in 2021. Newfold Digital is a joint venture between Clearlake Capital and Siris Capital Group, owner of Web.com since 2018. [25]
Clearlake also spun off the Constant Contact division of Endurance into a separate joint venture between Clearlake and Siris. [26]
In November 2022, Newfold Digital "signed a definitive agreement to purchase MarkMonitor™, an industry-leading enterprise-level provider of domain management solutions" [27] from Clarivate. MarkMonitor provides brand protection, anti-piracy, and domain-name registration services for a variety of Big Tech industry giants and other companies. [28] [29]
The company has owned and operated numerous hosting businesses, with shared support information and support agents. Subsidiaries and brands include: [30] [31]
Mitel Networks Corporation is a Canadian telecommunications company. The company previously produced TDM PBX systems and applications, but after a change in ownership in 2001, now focuses almost entirely on Voice-over-IP (VoIP), unified communications, collaboration and contact center products. Mitel is headquartered in Ottawa, Ontario, Canada, with offices, partners and resellers worldwide.
Verio is a global web hosting provider headquartered in the United States. Incorporated in 1996 in Denver, Colorado, it is a wholly owned subsidiary of Nippon Telegraph and Telephone (NTT) Communications, which acquired the company in 2000. Verio was formed from a consolidation of over 200 smaller Internet service providers (ISPs) and web hosting services.
Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of 2019, Townsquare was the third-largest AM–FM operator in the country, owning over 321 radio stations in 67 markets.
Digital River is a private company that provides global e-commerce, payments and marketing services. In 2013, Digital River processed more than $30 billion in online transactions. Digital River is headquartered in Minnetonka, Minnesota.
Tungsten Automation, formerly Kofax Inc., is an Irvine, California-based intelligent automation software provider. Founded in 1985, the company's software allows businesses to automate and improve business workflows by simplifying the handling of data and documents.
Harte Hanks is a global marketing services company headquartered in Boston, Massachusetts. Harte Hanks services include analytics, strategy, marketing technology, creative services, digital marketing, customer care, direct mail, logistics, and fulfillment.
Web.com is an American dot-com company that provides a website builder, along with website hosting, domain name registration, web development, and various digital marketing services. It serves as a partner for very small to small-sized businesses and entrepreneurs, assisting them in establishing and expanding their online presence.
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Stingray Group Inc. is a Canadian music, media and technology company based in Montreal, Quebec, with offices in Toronto, Ontario, as well as in the United States, Mexico, the United Kingdom, the Netherlands, Germany and Australia.
Constant Contact, Inc. is an online marketing company, headquartered in Waltham, Massachusetts, with additional offices in Loveland, Colorado; and New York, New York.
Bluehost is a domain registration and web hosting company owned by Newfold Digital. It was one of the 20 largest web hosts in 2015 and was collectively hosting over 2 million domains in 2010.
HostGator is a Houston-based provider of shared, reseller, virtual private server, and dedicated web hosting with an additional presence in Austin, Texas.
The Gores Group, LLC is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores.
Markmonitor Inc. is an American software company founded in 1999. It develops software intended to protect corporate brands from Internet counterfeiting, fraud, piracy, and cybersquatting. MarkMonitor also develops and publishes reports on the prevalence of brand abuse on the Internet.
Jeff Fox is an American businessperson who presently serves as the CEO and founder of Circumference Group, overseeing the firm’s management and business strategy.
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Domain.com is a domain registrar and web hosting company headquartered in Jacksonville, Florida, and is a subsidiary of Newfold Digital.
Clearlake Capital Group, L.P. is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. In 2022, the firm was a part of an investor consortium named BlueCo that purchased Chelsea.
Behdad Eghbali is a businessman, investor, co-founder and managing partner of investment firm Clearlake Capital. According to Forbes, Eghbali had a net worth of $3.8 billion as of January 2024. Eghbali was first placed on Forbes’ Forbes 400 and Forbes Billionaires lists in 2021.