Endurance International Group (EIG) previously named BizLand was an IT services company specializing in

web hosting A web hosting service is a type of Internet hosting service that hosts websites for clients, i.e. it offers the facilities required for them to create and maintain a site and makes it accessible on the World Wide Web. Companies providing web h ...

. The company was founded in 1997 and was headquartered in Burlington,

Massachusetts Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut assachusett writing systems, məhswatʃəwiːsət'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England ...

, USA.The Endurance International Group, Inc.
, ''Bloomberg Businessweek''. Retrieved April 12, 2011 It achieved its size by acquiring a large number of smaller companies.Rich Miller

NetCraft, May 9, 2007 In 2021 Endurance International Group merged with

Web.com Web.com Group Inc. was an American company headquartered in Jacksonville, Florida that provides domain name registration and web development services. Established in 1999 by Darin Brannan, the company was known as Website Pros Inc. until early 2 ...

forming a new company, Newfold Digital.

History

In 2011, Endurance was bought from

Accel-KKR Accel-KKR is an American technology-focused private equity firm with over $14 billion in total assets under management. The firm invests primarily in middle-market software and technology-enabled services businesses, providing capital for buyo ...

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

and

GS Capital Partners Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986. As of 2019, GS Capital Partners had r ...

, for around $975 million. In September 2013, the company announced plans to raise $400 million in an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. The company announced it would list on the NASDAQ under the ticker symbol EIGI. It went public in October 2013 raising $252 million selling shares to the public at $12 each. This was below the company's target goal of $400 million. This path to increased size is similar to the path networking company

Verio Verio is a global web hosting provider headquartered in the United States. Incorporated in 1996 in Denver, Colorado, it is a wholly owned subsidiary of Nippon Telegraph and Telephone (NTT) Communications, which acquired the company in 2000. Ve ...

followed in the 1990s, using free cash flow and access to capital markets in acquiring assets to add to their corporate portfolio. The concept was to roll up small ISPs into one large ISP and achieve

economies of scale In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time. A decrease in cost per unit of output enables ...

. Endurance acquired hosting companies domestically and internationally. In March 2015, the company announced an investment in Netherlands-based technology startup AppMachine, acquiring 40% of the company. In August 2015, EIG announced the acquisition of Site5 and Verio Web Hosting from NTT. It is estimated that EIG gained 86,000+ new subscribers through these acquisitions. In November 2015, the company acquired

Constant Contact Constant Contact, Inc. is an online marketing company, headquartered in Waltham, Massachusetts, with additional offices in Loveland, Colorado; and New York, New York. The company was founded in 1995 by Randy Parker and was later sold to Endur ...

, and days later laid off 15% of their workforce. Also in November 2015, EIG acquired the assets of Ecommerce, LLC for $28 million. In August 2018, the firm's CEO and CFO were fined

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

8 million for fraud by the SEC for misrepresenting company subscriber numbers. Endurance acquired Ecomdash in October 2019 for $9.6 million in cash, and placed it under the

group. In November 2020, Clearlake Capital Group announced that it would acquire Endurance International Group for around $3 billion. At the closing of the deal in February 2021, Clearlake Capital announced a few wrinkles. Clearlake spun off the Endurance Web Presence division, including subsidiaries

Domain.com Domain.com is a domain registrar and web hosting company headquartered in Jacksonville, Florida, and is a subsidiary of Newfold Digital. History Domain.com's origins existed as part of the Dotster brand founded by George DeCarlo in 1998. A grad ...

Bluehost Bluehost is a web hosting company owned by Endurance International Group. It was one of the 20 largest web hosts in 2015 and was collectively hosting over 2 million domains in 2010. Bluehost was among those studied in the analysis of web-based ...

, and

HostGator HostGator is a Houston-based provider of Shared web hosting service, shared, reseller, virtual private server, and Dedicated hosting service, dedicated web hosting with an additional presence in Austin, Texas. History HostGator was founded in Oc ...

. Endurance Web Presence merged with

to form a new company named Newfold Digital in 2021. Newfold Digital is a joint venture between Clearlake Capital and Siris Capital Group, owner of Web.com since 2018. Clearlake also spun off the

division of Endurance into a separate joint venture between Clearlake and Siris.

Company structure

Becoming one of the Internet's largest Web hosting providers, the company was structured differently from other large hosting companies such as

Rackspace Rackspace Technology, Inc. is an American cloud computing company based in Windcrest, Texas, an inner suburb of San Antonio, Texas. The company also has offices in Blacksburg, Virginia, and Austin, Texas, as well as in Australia, Canada, United ...

GoDaddy GoDaddy Inc. is an American publicly traded Internet domain registrar and web hosting company headquartered in Tempe, Arizona, and incorporated in Delaware. , GoDaddy has more than 21 million customers and over 6,600 employees worldwide. The co ...

, or

1&1 Ionos Ionos (formerly 1&1 IONOS and 1&1 Internet) is a web hosting company. It was founded in Germany in 1988 and is currently owned by United Internet. In addition to web hosting, it also provides domain registration, SSL certificates, email service ...

. The company has grown its hosting and related business through numerous acquisitions.

Subsidiary brands

The company has owned and operated numerous hosting businesses, with shared support information and support agents. A partial list of subsidiaries and brands include: *

Directi Bhavin Turakhia (born 21 December 1979) is a serial entrepreneur, and the founder of Titan, Flock, Radix, CodeChef and Zeta. In 2016, Bhavin, a billionaire, was ranked as the 95th richest person in India, with a net worth of US$1.3 billion, ...

Homestead Homestead may refer to: *Homestead (buildings), a farmhouse and its adjacent outbuildings; by extension, it can mean any small cluster of houses *Homestead (unit), a unit of measurement equal to 160 acres *Homestead principle, a legal concept th ...

/ *

iPage iPage () is a web hosting company. History iPage was initially founded in 1998 as a full web service provider, but the company re-launched operations as a web hosting provider in 2009. It's currently owned by Endurance International Group. iPa ...

PublicDomainRegistry Endurance International Group (EIG) previously named BizLand was an IT services company specializing in web hosting. The company was founded in 1997 and was headquartered in Burlington, Massachusetts, USA.Typepad Typepad is a blogging service owned by Endurance International Group, previously owned by SAY Media (from the merger of Six Apart Ltd and VideoEgg). Originally launched in October 2003, Typepad is based on Six Apart's Movable Type platform, and ...

References

External links

* for Newfold Technologies {{Finance links historical , name = Endurance International Group, Inc. , sec_cik = 1690155 Companies based in Burlington, Massachusetts Companies based in Jacksonville, Florida American companies established in 1997 Web hosting Companies formerly listed on the Nasdaq 1997 establishments in Massachusetts Technology companies established in 1997 Technology companies based in Massachusetts Warburg Pincus companies 2013 initial public offerings 2021 mergers and acquisitions Private equity portfolio companies