Deluxe: Newfold Digital Agrees to Acquire Deluxe’s Web Hosting Operations in Australia – Form 8-K
Newfold Digital agrees to acquire Australian website from Deluxe
JACKSONVILLE, Fla. and MINNEAPOLIS, Mn. – (BUSINESS WIRE) – March 8, 2022 – Newfold Digital, a leading web technology and commerce company backed by Clearlake Capital Group, LP and Siris Capital Group, LLC, today announced that it has entered into a definitive agreement with Deluxe (NYSE: DLX), a Trusted Payments and Business Technology™ company, to acquire Deluxe’s web hosting business in Australia (Hostopia Australia). The transaction is expected to close in the second quarter of 2022 subject to the satisfaction of customary closing conditions.
Deluxe Australia web hosting company serves as a trusted hosting provider for over 50,000 small business customers and hosts 250,000 websites. The acquisition expands Newfold Digital’s presence in the Australian market and will allow acquired customers to benefit from Newfold Digital’s industry-leading brands, products and customer support.
“Newfold Digital’s mission is centered on helping businesses of all sizes build and grow an online presence, so we’re confident that our Australian web hosting customers will be in safe hands,” said Garry Capers, President of Cloud Solutions for Deluxe. “Throughout our ongoing transformation, Deluxe has focused our efforts on cross-selling our many platforms, solutions and services to our four million small business customers and over 4,000 business and financial customers. To better manage our portfolio of businesses and emphasizing our collaborative-selling capabilities, it makes sense at this time to sell our accommodation operations in Australia to further refine our offerings in the North American market.”
“As a global company, we are always looking to grow our footprint and bring our industry-leading brands and customer service to small businesses around the world,” said Ed Jay, President of Newfold Digital. “A trusted web hosting service provider is essential for today’s online businesses, and Deluxe’s web hosting business in Australia is an established platform. We are delighted to welcome their customers and employees as we build on our previous acquisitions of CrazyDomains and FreeParking to further strengthen our position in the region.”
“We welcome Deluxe Australia web hosting customers to the Newfold Digital family as we continue to build on our commitment to providing market-leading web presence solutions across the globe,” said James Pade, Partner at Clearlake, and Tyler Sipprelle, managing director at Siris.
About Newfold Digital
Newfold Digital is a leading web and business technology company serving nearly 7 million customers worldwide. Created in 2021 through the combination of leading web service providers Endurance Web Presence and Web.com Group, our brand portfolio includes: Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and many more. We help clients of all sizes establish a digital presence that gets results. With our extensive product offerings and personalized support, we pride ourselves on working with our customers to meet their online presence needs. Learn more about Newfold Digital at Newfold.com.
Deluxe, a Trusted Payments and Business Technology™ company, champions business so communities thrive. Our solutions help businesses pay and get paid and grow. For more than 100 years, Deluxe customers have trusted our solutions and platforms at all stages of their lifecycle, from startup to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions, and hundreds of the world’s largest consumer brands, while processing more than $2.8 trillion in annual payment volume. Our reach, scale and distribution channels make Deluxe our customers’ most trusted business partner. To find out how we can help your business, visit us at www.deluxe.com, www.facebook.com/deluxecorp, www.linkedin.com/company/deluxe or www.twitter.com/deluxe.
Clearlake Capital Group, LP is an investment firm founded in 2006 that operates integrated businesses in private equity, credit and other related strategies. With a sector-based approach, the company seeks to partner with management teams by providing patient, long-term capital to companies that can benefit from Clearlake’s operational improvement approach, OPS®. The company’s main target sectors are technology, industrial and consumer. Clearlake currently has more than $60 billion in assets under management, and its senior investment managers have led or co-led more than 300 investments. The company has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies offering critical products and services, facing industry change or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its executive partners and advisors are integral to its approach. Siris Executive Partners and Advisors are experienced senior executives who actively participate in key aspects of the deal lifecycle to help identify opportunities and drive strategic and operational value. Siris has offices in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. Learn more about Siris at www.siris.com.
For Newfold Digital:
Emily Watkins, Digital Newfold
Cameron Potts, Vice President of Corporate Communications
For Clear Lake:
Lambert & Co.
Dana Gorman / Blair Hennessy, Abernathy MacGregor
firstname.lastname@example.org / email@example.com