Deluxe’s Australia web hosting business, Hostopia Australia, will be acquired by Newfold Digital, a web, and commerce technology firm financed by Clearlake Capital Group and Siris Capital Group.
Newfold Digital is a global leader in web and commerce technologies established in 2021 through the merger of leading web services providers Endurance Web Presence and Web.com Group, with approximately 7 million customers. Its portfolio of brands includes
, , , , , , and many others.Deluxe Australia web hosting is a reputable hosting company for over 50,000 small business customers and hosts over 250,000 websites.
Newfold Digital’s footprint in the Australian market will be expanded as a result of the acquisition, and the acquired clients will be able to take advantage of Newfold Digital’s industry-leading brands, products, and customer service.
Garry Capers, who serves the role of President of Cloud Solutions at Deluxe, had the following to say:
Newfold Digital’s mission is centered on helping businesses of all sizes build and grow an online presence, so we are confident our Australia web hosting customers will be in good hands. Throughout our ongoing transformation, Deluxe has concentrated our efforts on cross-selling our many platforms, solutions, and services to our four million small business customers and more than 4,000 enterprise and financial customers. To better manage our portfolio of businesses and to emphasize our cross-sell abilities, it makes sense at this time to sell our Australia hosting operations to further refine our offerings in the North American market.
$DLX – Deluxe divests Australia web hosting business to Newfold Digital https://t.co/1VRGh5uQMd
— Breaking News (@MarketCurrents) March 9, 2022
Ed Jay, who serves the role of President at Newfold Digital, had the following to say:
As a global company, we are always looking to grow our footprint and bring our industry-leading brands and customer support to small businesses around the world. A trusted web hosting service provider is essential for today’s online businesses, and Deluxe’s Australia web hosting business is an established platform. We are excited to welcome their customers and employees as we build upon our previous acquisitions of CrazyDomains and FreeParking to further enhance our position in the region.
The deal is expected to close in the second quarter of 2022, subject to customary closing conditions being met.
