^ "Endurance International Group Reports 2015 Second Quarter Results". ^ "AppMachine raises $15.2 million, partners with Endurance International Group".^ "AppMachine Partners Up With Endurance International Group".^ "Verio Secures Funding for Acquisitions"."Endurance Web hoster Endurance raises $252 million in IPO". ^ "ENDURANCE INTERNATIONAL GROUP HOLDINGS, INC.^ "Endurance International Group Holdings, Inc."Web Hoster Endurance International Preps for IPO". "IPOWER, Endurance International Announce Merger". ^ "Endurance International Group (EIG) – The World's Largest Web Hosting Company You've Probably Never Heard Of".^ a b "Endurance, GoDaddy, Wix, And Web.com: Choosing Growth Or Leverage".^ "The Endurance International Group, Inc".The company has owned and operated numerous hosting businesses, with shared support information and support agents. Ĭlearlake also spun off the Constant Contact division of Endurance into a separate joint venture between Clearlake and Siris. Newfold Digital is a joint venture between Clearlake Capital and Siris Capital Group, owner of Web.com since 2018. Clearlake spun off the Endurance Web Presence division, including subsidiaries, Bluehost, and HostGator.Įndurance Web Presence merged with Web.com to form a new company, Newfold Digital, in 2021. At the closing of the deal in February 2021, Clearlake Capital announced a few wrinkles. In November 2020, Clearlake Capital Group announced that it would acquire Endurance International Group for around $3 billion. Įndurance acquired Ecomdash in October 2019 for $9.6 million in cash, and placed it under the Constant Contact group. 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. Also in November 2015, EIG acquired the assets of Ecommerce, LLC for $28 million. In November 2015, the company acquired Constant Contact, and days later laid off 15% of their workforce. It is estimated that EIG gained 86,000+ new subscribers through these acquisitions. In August 2015, EIG announced the acquisition of Site5 and Verio Web Hosting from NTT. In March 2015, the company announced an investment in Netherlands-based technology startup AppMachine, acquiring 40% of the company. Endurance acquired hosting companies domestically and internationally. The concept was to roll up small ISPs into one large ISP and achieve economies of scale. 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 in acquiring assets to add to their corporate portfolio. This was below the company's target goal of $400 million. It went public in October 2013 raising $252 million selling shares to the public at $12 each. The company announced it would list on the NASDAQ under the ticker symbol EIGI. In September 2013, the company announced plans to raise $400 million in an IPO. In 2011, Endurance was bought from Accel-KKR by Warburg Pincus and GS Capital Partners, for around $975 million. ( September 2022) ( Learn how and when to remove this template message) Please help improve this section if you can. This section may require cleanup to meet Wikipedia's quality standards.
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