Jacksonville, Florida and Minneapolis –(Business Wire)–Newfold Digital, a leading web and commerce technology company backed by Clearlake Capital Group, LP and Siris Capital Group, LLC, announced today that it has entered into a definitive agreement with trusted payments and commerce technology company Deluxe (NYSE:DLX)™ Company , acquires Deluxe’s Australian web hosting business (Hostopia Australia). The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions.
Deluxe Australia web hosting business is a trusted hosting provider for over 50,000 small business customers and hosts 250,000 websites. The acquisition expands Newfold Digital’s presence in the Australian market and enables acquired clients to benefit from Newfold Digital’s industry-leading brands, products and customer support.
“Newfold Digital’s mission is to help businesses of all sizes build and grow their online businesses, so we’re confident that our Australian web hosting customers will be taken care of,” said Garry Capers, President of Deluxe Cloud Solutions. “As we continue to transform, Deluxe is focused on cross-selling many of our platforms, solutions and services to our 4 million small business customers and more than 4,000 corporate and financial customers. To better manage our business portfolio and Emphasizing our cross-selling capabilities, it makes sense at this time to sell our Australian hosting business to further complement our offering in the North American market.”
“As a global company, we are always looking to expand our footprint and bring our industry-leading brand and customer support to small businesses around the world,” said Ed Jay, President of Newfold Digital. “A trusted provider of web hosting services. Essential to today’s online business, Deluxe’s Australian web hosting business is an established platform. We are delighted to welcome their clients and employees as we build on our previous acquisitions of CrazyDomains and FreeParking to further enhance our position in the region .”
“We welcome Deluxe Australia web hosting customers to the Newfold Digital family as we continue our commitment to delivering market leading web presence solutions globally,” Clearlake Partner James Pade and Managing Director Tyler Sipprelle said Sirius.
About Newford Digital
Newfold Digital is a leading web and commerce technology company serving nearly 7 million customers worldwide. Our portfolio of brands includes: Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and more, resulting from the 2021 merger of leading web service providers Endurance Web Presence and Web.com Group. We help clients of all sizes build a digital presence of deliverables. With our extensive product offering and personalized support, we pride ourselves on partnering with our clients to meet their online business needs. Learn more about Newfold Digital at Newfold.com.
Deluxe is a Trusted Payments and Business Technology™ company that drives businesses forward and communities thrive. Our solutions help businesses pay and get paid and grow. For over 100 years, Deluxe customers have relied on our solutions and platforms at every stage of their lifecycle, from launch to maturity. Our robust scale supports millions of small businesses, thousands of major financial institutions and hundreds of the world’s largest consumer brands, while processing more than $2.8 trillion in annual payment volume. Our reach, scale and distribution channels make Deluxe our clients’ most trusted business partner.To find out how we can help your business, visit our website www.deluxe.com, www.facebook.com/deluxecorp, www.linkedin.com/company/deluxe, or www.twitter.com/deluxe.
Clearlake Capital Group, LP is an investment firm established in 2006 with a comprehensive portfolio of private equity, credit and other related strategies. Through an industry-focused approach, the company seeks to partner with management teams to provide patient, long-term capital to businesses that can benefit from Clearlake’s approach to operational improvement, Operation and maintenance® The company’s core target industries are technology, industrial and consumer. Clearlake currently manages more than $60 billion in assets, and its senior investment principal has led or co-led more than 300 investments. The company has offices in Santa Monica and Dallas. For more information, visit www.clearlake.com and Twitter @ClearlakeCap.
Siris is a leading private equity firm that invests primarily in established technology and telecommunications companies with mission-critical products and services facing industry changes or other significant shifts. Siris’ development of proprietary research to identify opportunities and extensive collaboration with its executive partners and advisors are integral to its approach. Siris’ executive partners and advisors are experienced senior operational executives actively involved in key aspects of the deal lifecycle to help identify opportunities and drive strategic and operational value. Siris has offices in New York, Silicon Valley and West Palm Beach and has raised nearly $6 billion in cumulative capital commitments. Learn more about Siris at www.siris.com.