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December 06, 2016

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

NamesCon Swallowed for the 2nd Time in 4 Months - This Time as Part of a $1.79 Billion GoDaddy Acquisition

The big fish keep swallowing the smaller fish and GoDaddy's latest big gulp means the NamesCon conference will have another new owner next year. This comes less than four months after  WorldHostingDays (WHD) bought NamesCon - the largest domain industry conference that Co-Founders Richard Lau and Jothan Frakes started in 2014. 

Today news came that GoDaddy has entered into a definitive agreement to acquire Host Europe Group (HEG) for 1.69 billion (US$1.79 billion) in a deal that is expected to close in the second quarter of 2017. HEG, the largest privately-owned web services provider in Europe, is a conglomerate that owns WorldHostingDays - and will thus own NamesCon as well when the deal closes. GoDaddy said it will operate these brands independently and invest in their continued growth.

HEG's far flung businesses serve more than 1.7 million customers with especially strong positions in the UK and Germany, including well-known hosting and domain registrar brands like 123Reg, Domain Factory, Heart Internet and Host Europe.  HEG will complement GoDaddy's leading position in the US and its fast-growing international footprint. 

Image from Bigstock

 

Blake Irviing
GoDaddy CEO

GoDaddy CEO Blake Irving said, "GoDaddy has successfully expanded its international business to 56 global markets over the past four years. HEG has built an impressive business that generates strong top-line growth, high margins, and industry-leading customer satisfaction. By joining forces with HEG, we accelerate our expansion into Europe with the delivery of a broader range of cloud-based products, built on a single global technology platform, and supported by unparalleled customer care to help small businesses and web designers succeed online."

The 4th edition of the NamesCon conference is coming up January 22-25, 2017 at the Tropicana Hotel in Las Vegas. It has grown in size every year and is expected to set new attendance records again next month. With GoDaddy's clout about to be thrown behind the event the impressive growth we have already seen at NamesCon is likely to accelerate. 

(Posted December 6, 2016)


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