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Even
so, Go Daddy founder Bob Parsons
will remain the company's largest
shareholder. Parsons said, "People
have asked me, with all the success Go
Daddy is having, why bring in partners
now? My response is simple. This is
the right group of people at just the
right time."
Parsons
added, "These three firms have what
it takes to help lift Go Daddy to the
next level. KKR, Silver Lake and TCV
each have a keen sense for technology
and a proven savvy with international business
affairs. We know our new partners can help
Go Daddy expand in ways that make sense
for both our customers and our company.
That's why I have insisted on continuing
as Go Daddy's single largest
shareholder." |
GoDaddy
Founder Bob Parsons |
A
Go Daddy press release about the deal said,
"The partnership creates a vibrant
technology company poised to expand farther
and faster internationally...This new alliance
expands Go Daddy's resources and is primarily
focused on expansion of its cloud-based
technology product offerings and
acceleration with international growth." The
company said it is primed for double-digit
sales increases for an eighth consecutive
year. Since the investment venture was first
announced July 1st, Go Daddy surpassed the 50
million domain names registered mark, an
Internet first, and grew its website
hosting base beyond 5.2 million accounts. Greg
Mondre, Managing Director of one of
the three investors, Silver Lake, said, "Go
Daddy is well positioned to expand with the exponential
growth of the Internet. Whether you are a
small business or a thriving operation anywhere
in the world, Go Daddy has the resources to
create or elevate your Web presence. We are
absolutely focused on making it easy for small
businesses to get bigger."
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