Thursday, June 30, 2011

Investment Firms Acquire Go Daddy

KKR, Silver Lake and Technology Crossover Ventures have acquired The Go Daddy Group, the world's largest provider of Web hosting, domain names and new SSL Security Certificates. Financial terms were not disclosed.

Go Daddy is the world's largest on-ramp for cloud-based software and services. The company serves more than 9.3 million global customers and manages more than 48 million domain names.

Greg Mondre, Managing Director, of Silver Lake 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."

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