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EIG to be acquired for $3 billion

lentrolentro Member, Host Rep
in General

This was originally placed on the other green forum, but EIG is being aquired at $9.50/share by Clearlake Capital Group L.P for a $1.34 billion dollar valuation, but they will also be taking on the debt for the total acquisition to be worth $3 billion.

https://www.marketwatch.com/story/endurance-international-to-be-bought-by-clearlake-in-a-deal-valued-at-3-billion-including-debt-2020-11-02

Thanked by 1hanoi

Comments

  • stefemanstefeman Member
    edited November 2020

    Huge price increases incoming.

    2slick (2slick.com)
Probably belongs to EIG since April 2010 or earlier.
AccountSupport (accountsupport.com)
Belongs to EIG since April 2010 or earlier.
ApolloHosting.com (apollohosting.com)
Belongs to EIG since April 2010 or earlier.
AptHost (apthost.com)
Belongs to EIG as a part of wwwh.com since at least June 25, 2015.
A Small Orange (asmallorange.com)
Acquired by EIG in July 2010.
Arvixe (arvixe.com)
Acquired by EIG in October 2014.
Athenix Corporation, Athenix Inc. (athenixinc.com)
Belongs to EIG since 2012 or earlier.
Berry Information Systems L.L.C. (berryinfosysllc.com)
Belongs to EIG since April 2010 or earlier.
BigRock (bigrock.com)
Acquired in January 2014.
BizLand (bizland.com)
Former name of EIG. Founded in 1996.
BlueDomino (bluedomino.com)
Belongs to EIG since April 2010 or earlier.
BlueFur (bluefur.com)
Belongs to EIG since at least 25, June 2015.
BlueHost (bluehost.com)
EIG Bluehost acquisition is one of the biggest here. Acquired by EIG in November 2010. Now it’s Bluehost EIG.
Constant Contact (constantcontact.com)
Constant Contact is a member of EIG from around 2019.
Cloud by IX (cloudbyix.com)
Acquired by EIG in Q4 2015 with IXWebHosting.
Directi Web Technologies (Directi, directi.com)
Acquired in January 2014.
Domain.com
Belongs to EIG since October 2011 or earlier.
DomainHost (domainhost.com)
Belongs to EIG since April 2010 or earlier.
Dotster (dotster.com)
Belongs to EIG since July 2011 or earlier.
Dot5Hosting.com (dot5hosting.com)
Belongs to EIG since May 2007 or earlier.
iPower, StartLogic and Dot5Hosting were acquired by EIG at the same time in 2007.
EasyCGI (easycgi.com)
Belongs to EIG since July 2009 or earlier.
EntryHost (entryhost.com)
Belongs to EIG since April 2010 or earlier.
Escalate Internet (escalateinternet.com)
Belongs to EIG since April 2010 or earlier.
FastDomain (fastdomain.com)
Has become part of Bluehost since December 2006 (or earlier).
Bluehost was later acquired by EIG.
FatCow (fatcow.com, fatcowhosting.com)
Became EIG since May 2007 or earlier.
FreeYellow (freeyellow.com)
Belongs to EIG since May 2007 or earlier.
Globat (Glob@t, globat.com)
Belongs to EIG since April 2010 or earlier.
Homestead Technologies, Inc. (homestead.com)
Belongs to EIG since April 2010 or earlier.
HostADay (hostaday.com)
Belongs to EIG since April 2010 or earlier.
HostCentric (hostcentric.com)
Belongs to EIG since April 2010 or earlier.
HostClear (hostclear.com)
Bought by JustHost in October 2011, which was later acquired by EIG
Host Excellence (hostexcellence.com)
Acquired by EIG in Q4 2015 with IXWebHosting.
HostGator (hostgator.com)
Acquired in June 2012.
HostNine (hostnine.com)
Is a sister company of A Small Orange (ASO), which is an EIG.
HostMonster (hostmonster.com)
Is a sister company of BlueHost, which was acquired by EIG.
HostYourSite.com (hostyoursite.com)
Belongs to EIG since April 2010 or earlier.
HyperMart (hypermart.com, hypermart.net)
Belongs to EIG since May 2007 or earlier.
IMOutdoorsHosting (imoutdoorshosting.com)
Belongs to EIG since April 2010 or earlier.
IdeaHost (ideahost.com)
Belongs to EIG.
Impress.ly (impress.ly)
BigRock, which is a part of EIG, launched impress.ly since 15, Dec 2015.
Intuit Websites
Acquired and become EIG company in August 2012.
iPage (ipage.com)
A tool used by iPage and turned into a brand.
Belongs to EIG since May 2007 or earlier.
iPower (IpowerWeb, ipower.com)
Belongs to EIG since May 2007 or earlier.
iPower, StartLogic and Dot5Hosting were acquired by EIG at the same time in 2007.
IX Web Hosting (ixwebhosting.com)
Acquired by EIG in Q4 2015. Now redirects to BlueHost.
JustCloud (justcloud.com)
Belongs to EIG since February 2014 or earlier.
JustHost (justhost.com)
Acquired by EIG in 2010.
LogicBoxes (logicboxes.com)
Acquired by Directi, which was bought by EIG.
MyDomain (mydomain.com)
Belongs to EIG.
NamesDirect (namesdirect.com)
Belongs to EIG since 2011 or earlier.
NameZero (namezero.com)
Belongs to EIG since 2011 or earlier.
NetFirms (netfirms.com)
Was acquired by EIG in 2011.
NetworksHosting (networkshosting.com)
Belongs to EIG since April 2010 or earlier.
Nexx (nexx.com)
Was acquired by EIG in 2012 or earlier.
PowWeb (powweb.com)
Belongs to EIG since April 2006 or earlier.
PureHost (purehost.com)
Belongs to EIG since May 2007 or earlier.
ReadyHosting (readyhosting.co.uk, readyhosting.com)
Belongs to EIG since April 2010 or earlier.
ResellerClub (resellerclub.com)
Acquired in January 2014.
SEO Hosting (seohosting.com, seowebhosting.net)
Was part of HostGator which was later acquired by EIG.
Site5 (site5.com)
Belongs to EIG since the 4th of August 2015.
SiteBuilder (sitebuilder.com)
A part of EIG since Q2 2015.
Sitelio (sitelio.com)
A part of EIG.
Sitey (sitey.com)
A part of EIG since Q2 2015.
SouthEastWeb (southeastweb.com)
Probably belongs to EIG since April 2010 or earlier.
Spry (spry.com)
Belongs to EIG since April 2010 or earlier.
StartLogic (startlogic.com)
Belongs to EIG since May 2007 or earlier.
iPower, StartLogic and Dot5Hosting were acquired by EIG at the same time in 2007.
SuperGreen Hosting (SuperGreenHosting, supergreenhosting.com)
Merged with JustHost, which was later acquired by EIG.
TightHost (tighthost.com)
Belongs to EIG since April 2010 or earlier.
TypePad (typepad.com)
Belongs to EIG since 2014 or earlier.
UsaNetHosting (usanethosting.com)
Belongs to EIG since April 2010 or earlier.
Verio (verio.com)
Belongs to EIG since the 4th of August 2015.
Virtual Avenue (virtualave.net)
Belongs to EIG since May 2007 or earlier.
VPSlink (vpslink.com)
Belongs to EIG since April 2010.
Web2010 (web2010.com)
Belongs to EIG since April 2010 or earlier.
WebDevHosting (webdevhosting.com)
Belongs to EIG since April 2010 or earlier.
WebHost4Life.com (webhost4life.com)
Belongs to EIG since April 2010 or earlier.
webhosting.info
Acquired by Directi, which was bought by EIG.
WebSiteBuilder (websitebuilder.com)
A part of EIG since Q2 2015.
WebstrikeSolutions (WebstrikeSolutions.com)
Belongs to EIG since April 2010 or earlier.
Webzai (webzai.com)
Acquired by EIG in the 3d quarter 2014.
World Wide Web Hosting (wwwh.com)
Fictitious Names: PRESSED, WEBSITE.ME, WP MANAGED HOST.
Belongs to EIG since at least June 25, 2015.
Xeran (xeran.com)
Belongs to EIG since April 2010 or earlier.
YourWebHosting (yourwebhosting.com)
Belongs to EIG since April 2010 or earlier
    Thanked by 2DreamCaster that_guy
  • dustincdustinc Member, Patron Provider, Top Host

    Perfect timing for Brent who founded/sold Hostgator to EIG, and is now starting Create.com

    Thanked by 1lentro
  • lentrolentro Member, Host Rep

    @dustinc said:
    Perfect timing for Brent who founded/sold Hostgator to EIG, and is now starting Create.com

    On the create.com website, it states "For years, the industry has been swallowed up and outsourced, and we are on a mission to create a company built on the culture of keeping customers first by creating intuitive, easy to use products." :D

    Surprised he didn't have a longer non-compete clause.

    Thanked by 3dustinc BlaZe that_guy
  • dustincdustinc Member, Patron Provider, Top Host

    @lentro said:

    @dustinc said:
    Perfect timing for Brent who founded/sold Hostgator to EIG, and is now starting Create.com

    On the create.com website, it states "For years, the industry has been swallowed up and outsourced, and we are on a mission to create a company built on the culture of keeping customers first by creating intuitive, easy to use products." :D

    Surprised he didn't have a longer non-compete clause.

    He exited back in 2012 - so I wouldn't expect for him to be out of the game that long, usually 2-3 years max.

    Thanked by 1lentro
  • nemnem Member, Host Rep
    edited November 2020

    He'll have to roll a Hotel California business model (Squarespace/Wix) to be viable. cPanel has too much volatility and losing out to substitution from hyperspecialized alternatives.

    Edit: on the flip side if it prospers running cPanel, then a name is everything.

  • ivlad ivlad Member

    @nem said:
    He'll have to roll a Hotel California business model (Squarespace/Wix) to be viable. cPanel has too much volatility and losing out to substitution from hyperspecialized alternatives.

    I would have to agree. If he started a long time ago he might have a fighting chance. cPanel hosting is dead.

  • SirFoxySirFoxy Member

    yes the rumors are true I have bought EIG for 3 billion dollars

    Thanked by 12Francisco default lentro BlaZe cociu maverickp feezioxiii cassa kkrajk Unixfy Claverhouse nitro93
  • Intelpentium0Intelpentium0 Member

    @SirFoxy said:
    yes the rumors are true I have bought EIG for 3 billion dollars

    If so, I am your client. I use reselerclub for domains.
    I offered upto 2.99 bn and lost the deal. Better luck for me next time. 😉

    Thanked by 1kkrajk
  • jbilohjbiloh Administrator, Veteran

    Quite the list of brands they have managed to assemble at EIG.

    What was EIG's annual revenue?

  • BradyHBradyH Member, Host Rep

    only time will tell if this is a good thing or a bad thing. Wonder how many more customers will switch now that this is out of the bag

  • lentrolentro Member, Host Rep

    @BradyH said:
    only time will tell if this is a good thing or a bad thing. Wonder how many more customers will switch now that this is out of the bag

    I think it'll be like the Oakley's acquisition of WebPros. Private equity firms see value in companies (this one paid 50% more than the current stock price) because they think it can generate more profits than it currently does.

    I certainly think it will lead to many service cuts/reductions even more than the already bare-bones service they provide.

    Thanked by 1webcraft
  • BradyHBradyH Member, Host Rep

    @lentro said:

    @BradyH said:
    only time will tell if this is a good thing or a bad thing. Wonder how many more customers will switch now that this is out of the bag

    I think it'll be like the Oakley's acquisition of WebPros. Private equity firms see value in companies (this one paid 50% more than the current stock price) because they think it can generate more profits than it currently does.

    I certainly think it will lead to many service cuts/reductions even more than the already bare-bones service they provide.

    Yep it will be a good one to watch. Really depends on how they handle the hand off on how many services are going to be messed up like when EIG took over the other host.

  • BlaZeBlaZe Member, Host Rep

    @SirFoxy said:
    yes the rumors are true I have bought EIG for 3 billion dollars

    Hey man,

    I cannot login to 69host cpanel backend, can u help? it is EIG brand. can u give me 50% off discount coupon? also i need unlimited space hosting, can u help sir?

    Thanked by 2ViridWeb nitro93
  • SirFoxySirFoxy Member

    @BlaZe said:

    @SirFoxy said:
    yes the rumors are true I have bought EIG for 3 billion dollars

    Hey man,

    I cannot login to 69host cpanel backend, can u help? it is EIG brand. can u give me 50% off discount coupon? also i need unlimited space hosting, can u help sir?

    sorry we cannot our terms of service clearly state if your service does not work then to promptly fuck off

    Thanked by 4ViridWeb BlaZe imok nitro93
  • BlaZeBlaZe Member, Host Rep

    @SirFoxy said:

    @BlaZe said:

    @SirFoxy said:
    yes the rumors are true I have bought EIG for 3 billion dollars

    Hey man,

    I cannot login to 69host cpanel backend, can u help? it is EIG brand. can u give me 50% off discount coupon? also i need unlimited space hosting, can u help sir?

    sorry we cannot our terms of service clearly state if your service does not work then to promptly fuck off

    Why sir, I gib my bujiness to u..
    I'm loosing trillions!! i will sue u!

    Thanked by 1Claverhouse
  • jarjar Patron Provider, Top Host, Veteran

    I so regret selling my stock.

    Just kidding. Did it immediately when it went public.

    Thanked by 1that_guy
  • jsgjsg Member, Resident Benchmarker

    @SirFoxy said:
    yes the rumors are true I have bought EIG for 3 billion dollars

    Damn! I would have payed $3.5 bln but I didn't have the liquidity after I lost tens of billions when my $7/yr VPS was offline for some hours.

    @BlaZe said:
    ... can u give me 50% off discount coupon? also i need unlimited space hosting, can u help sir?

    Why sir, I gib my bujiness to u..
    I'm loosing trillions!! i will sue u!

    Do not worry, I'm here to help you, dear sir. I can offer a 75% discount coupon (valid for the first up to 120 seconds) as well as very cheap space unlimited hosting (20 MB included, beyond that only $0.03 per KB). No DMCA option also available! Bulletproof and offshore options available only for new customers.
    Conditions: front-up payment for 3 years or 5 years with additional 0.25% rebate.

    Thanked by 3BlaZe that_guy Claverhouse
  • LeviLevi Member

    @dustinc said:
    Perfect timing for Brent who founded/sold Hostgator to EIG, and is now starting Create.com

    Starting with WHMCS and cpanel. As in old times...

  • hanoihanoi Member

    Remind me DreamHost
    http://web-old.archive.org/web/20120413152943/http://blog.dreamhost.com/2011/04/01/dreamhost-is-now-part-of-the-endurance-international-group

    Thanked by 1lentro
  • DataRecoveryDataRecovery Member

    @dustinc said:
    Perfect timing for Brent who founded/sold Hostgator to EIG, and is now starting Create.com

    And posting pictures like this:

    Create.com VS HostGator: EIG - Brent Oxley

    Thanked by 3dustinc lentro kalimov622
  • jbilohjbiloh Administrator, Veteran

    So looking at EIGI's financials, the thing wasn't looking great.

    Revenue was declining, net profits were negative in 2019 and average revenue per employee was relatively low for well run industry standards ($295K USD).

    Honestly I am super impressed they managed to squeeze so much out of the thing - about 3 x revenue (1.1BN in 2019) including the consideration for existing debt.

    Thanked by 4dustinc lokuzard lentro TimboJones
  • HostXNowHostXNow Member

    I hope it benefits all the non-EIG providers (particularly the small providers).

  • DreamCasterDreamCaster Member

    So this is it now? All those brands will be sold from one capital group to another until there is no room for extra profits? I believe Clearlake will sell out once they make enough profits of this investment.

    Thanked by 1Claverhouse
  • BeeManBeeMan Member

    @dustinc said: is now starting Create.com

    https://billing.create.com/index.php?rp=/announcements
    They probably need to remove the default WHMCS announcement. LOL

    Thanked by 2armandorg dustinc
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