Founded before I was born, Endurance International Group (EIG) was once called BizLand. It became Endurance in 2001 following the dotcom crash. In 2001, the company was started with only 14 employees. It has since grown to include over 4,000 people. In 2013, EIG was acquired by Clearlake Capital. But what does the future hold for this business? We take a look at the current state of EIG.
In the first quarter of this year, Endurance reported that it had $2,167,770 in assets, of which $2,180,011 are intangible. These include data, brand recognition, and goodwill. The difficult part of interpreting these numbers is that there is no corresponding physical asset that represents this value. The value of these intangible assets is hard to gauge, so we use other metrics to estimate the true size of the company.
The company was almost bankrupt in the early 2000s, and the company subsequently provided misleading subscriber numbers to investors. The company has been a public company for 22 years, and has always been greedy. Its recent acquisition of Bluehost highlights this fact. Earlier this year, it acquired FatCow. In 2007, it purchased IPOWER. At the time, it claimed to have 28 brands. The next year, GS Capital Partners, part of Goldman Sachs and Warburg Pincus LLC, paid $975 million for the entire endurance group.
Endurance International Group Hosting Provider
The company’s website doesn’t do much to help with its image. The Endurance International Group has not gotten too hyped up. Their main page is quite short, focusing on acquisitions and problems. The company was founded in 1997 and has at least ten million domains. It has recently acquired Arvixe, a cloud hosting service. But that’s not all of the news from the EIG. There are plenty of good things going on with the company’s web hosts.
The company was initially called BizLand, but after the dot com crash, the company became Endurance International Group. This company operates 70 web hosting brands and has five million customers. The Endurance International Group is headquartered in Burlington, Massachusetts. The EIG acquired BizLand in 2011 and then sold it to Goldman Sachs Capital Partners and Warburg Pincus for $975 million.
The Endurance International Group is the parent company of popular web hosting companies Bluehost and HostGator. In December 2010, the EIG also purchased FastDomain, Namesdirect, and iPage. iPage is the most popular EIG brand, with most customers opting for Bluehost. Despite the EIG’s dominance in the web hosting industry, the EIG also has many competitors in the same industry.
The acquisition deal between Clearlake and Endurance is expected to close in the first quarter of 2021. The transaction is subject to shareholder approval and antitrust regulatory clearance. The company’s shares will be acquired by the Clearlake affiliates. As a result, EIG will own a majority of the remaining shares of the merged company. Aside from that, investors should consider this transaction carefully before investing in the stock.