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GoDaddy has acquired HEG for 1.79 billion US dollars

‘GoDaddy has successfully expanded its international businesses to 56 global

markets over the past four years’, said CEO of GoDaddy Blake Irving.

GoDaddy , the world’s prime cloud podium dedicated to diminutive, autonomous

ventures announced recently that it has entered into an agreement to acquire

HEG i.e. Host Europe Group for 1.79 billion US dollars i.e. 1.69 billion euros. The

recent transaction is approved by Godaddy board of directors and HEG’s

shareholders and expected to close in the second quarter of 2017. Host Europe

group is presently owned by Cinven, an international private equity firm. As the

prime privately owned web services provider in Europe host, Europe group serves

small businesses and web experts. It has constructed a flourishing business with

more than 1.7 million clients. It has a very strapping position in UK and

Germany which includes many brands such as Domain Factory, Heart internet,

and 123Reg.Host Europe Group compliments GoDaddy’s leading positions in the

US and fast mounting international paw marks. It offers a bookkeeping service as

result of 2012 acquisition of Outright and later snapped up Ronin to amalgamate

invoicing into this service.

‘In combination with Godaddy we see a remarkable chance for our customers,

partners and the small business ecosystem in Europe ‘, said Patrick Pulvermuller

CEO of Host Europe group. Uniting GoDaddy’s comprehensive technology podium

with Host Europe group’s footmark in Europe, will facilitate the rapid development

of a broader range of products to clients and permit for a better scale of product

development to market investments transversely for both the companies. Host

Europe group and GoDaddy share a powerful cultural focus on requirements

of small business customers sustaining their product offerings with counseling

customer care and that constrains elevated customer retention.

Source: www.venturebeat.com

GoDaddy has acquired HEG for 1.79 billion US dollars
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