EIG to be Acquired by Clearlake Capital Group L.P.
(RTTNews) - Endurance International Group Holdings, Inc. (EIGI), a provider of cloud-based platform solutions for small and medium-sized businesses, said Monday it has agreed to be acquired by affiliates of private equity firm Clearlake Capital Group L.P. in an all-cash transaction valued at about $3.0 billion, including debt.
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I always wonder, how trash a provider can be, how low the level can be set.
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So they faked it till the made it.
Huh, it can work.
Francisco
There's always a bigger fish
If this is like the Oakleys aquisition of WebPros, things will be getting even worse for EIG customers!
Sadly I have a few web design customers that don't want to change things if it already works, so I'll see first-hand how things change....
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Meanwhile, down in Texas, Brent Oxley and his new Create.com venture:
They should have waited till Black Friday ... they would have gotten a discount.
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So, Now EIG is not the most hated Holding Company of Hosting industry anymore....