Endurance International Group

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Endurance International Group, Inc.
Traded as NASDAQEIGI
Industry Internet hosting services
Predecessor BizLand
Founded 1997
Founder Hari Ravichandran
Headquarters Burlington, Massachusetts, United States
Number of locations
Worldwide
Key people
Hari Ravichandran
Services Web hosting, domain registration, SEO, email-marketing
Number of employees
Over 2,500
(2016)
Website www.endurance.com

Endurance International Group, Inc. (EIG), formerly BizLand, is a web hosting company. The company was founded in 1997 and is headquartered in Burlington, Massachusetts.[1] It achieved its size by acquiring a large number of smaller companies, which it continues to operate under the original brand names.[2]

In 2011, Endurance was bought from Accel-KKR by Warburg Pincus and GS Capital Partners, for around $975 million.[3] In September 2013, the company announced plans to raise $400 million in an IPO.[4] The company announced it would list on the NASDAQ under the ticker symbol EIGI.[5] 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.[6][7]

In a 2015 investor earnings conference call, the company reported having 4.2 million worldwide users.[8]

This path to increased size is similar to the path networking company Verio followed in the 1990s, using free cash flow and access to capital markets [9] in acquiring assets to add to their corporate portfolio.[10] The concept was to roll up small ISPs into one large national ISP and achieve economies of scale. Endurance, though U.S. based, is acquiring hosting companies domestically and internationally.[2]

Blake Cunneen, Endurance's senior vice president of corporate development has stated: "Investing in mergers and acquisitions is a very accretive use of free cash flow and going forward we'll continue to do so. We don't have any deals we're announcing. But we told the Street to expect M&A growth to continue."[11]

The company made four buys in 2014. The biggest being a $109.8 million cash and stock deal for the web presence business of Directi from Indian-based Directi Web Technologies. Directi provides services in various countries, including India, the U.S., Turkey, China, Russia and Indonesia.[11]

In April 2014, a major network issue at the data center in Provo, Utah, affected customers of Bluehost, HostMonster and JustHost, and took down many of the dedicated servers owned by HostGator customers.[12][relevant? ]

In March 2015, the company announced an investment in Netherlands-based technology startup AppMachine, acquiring 40% of the company.[13][14]

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.[15][16]

In November 2015,[17] the company acquired Constant Contact, and days later laid off 15% of their workforce.[18]

Company structure[edit]

Although now one of the internet's largest web hosting providers, the company is structured differently than other large hosting companies such as Rackspace, GoDaddy or 1&1 Internet. The company has grown its hosting and related business through numerous acquisitions.[10][19]

Subsidiary brands[edit]

The company owns and operates numerous hosting businesses, with shared support information and support agents. A partial list of these EIG brands include:[20][21]

References[edit]

  1. ^ a b c d The Endurance International Group, Inc., Bloomberg Businessweek. Retrieved April 12, 2011
  2. ^ a b c d e f g h i j k Rich Miller, IPOWER, Endurance International Announce Merger, NetCraft, May 9, 2007
  3. ^ Demos, Telis. "Web Hoster Endurance International Preps for IPO". WSJ. Retrieved 17 April 2014. 
  4. ^ http://www.sec.gov/Archives/edgar/data/1237746/000119312513361255/d555515ds1.htm
  5. ^ http://www.nasdaq.com/symbol/eigi
  6. ^ http://www.nasdaq.com/markets/ipos/company/endurance-international-group-holdings-inc-409100-73448
  7. ^ http://www.bostonglobe.com/business/2013/10/25/endurance-web-hoster-endurance-raises-million-ipo/0mwVrnj7qmz3qefHXkRYyM/story.html
  8. ^ "Earnings Call Transcript". Seeking Alpha. 5 May 2015. Retrieved 21 May 2015. 
  9. ^ http://www.internetnews.com/fina-news/article.php/35251/Verio+Secures+Funding+for+Acquisitions.htm
  10. ^ a b http://seekingalpha.com/article/3034376-endurance-godaddy-wix-and-web-com-choosing-growth-or-leverage
  11. ^ a b c d e f "Web Host Endurance International Bulks Up With Buys". Investor's Business Daily. 8 April 2015. Retrieved 21 May 2015. 
  12. ^ Warren, Christina. "Bluehost, HostGator and HostMonster Go Down". Mashable. Retrieved 17 April 2014. 
  13. ^ "AppMachine Partners Up With Endurance International Group". AppMachine. 
  14. ^ "AppMachine raises $15.2 million, partners with Endurance International Group". StartupJuncture. 
  15. ^ "Endurance International Group Reports 2015 Second Quarter Results". Aug 4, 2015. Retrieved 2016-05-18. 
  16. ^ "EIG's Acquisition of Verio and Site5 Nets 86,000 New Subscribers". Web Host Industry Review. Retrieved 2016-03-29. 
  17. ^ "Email marketing giant Constant Contact acquired for $1 billion". VentureBeat. Retrieved 2015-11-02. 
  18. ^ a b "Constant Contact Cuts 15 Percent of Staff After Its Acquisition". Xconomy. 
  19. ^ https://www.hostingkingdom.com/blog/endurance-international-group/
  20. ^ "Thoughts on Endurance International Group (EIG) Hosting". 
  21. ^ "Endurance International Group, Inc". Hosting-Reviews-Exposed.com. 
  22. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an "Insights and Rants: About the Endurance International Group (EIG)". 
  23. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj Better Business Bureau website. Retrieved August 18, 2012
  24. ^ a b http://ir.endurance.com/releasedetail.cfm?ReleaseID=880160, Accessed 4 November 2014
  25. ^ a b "The Endurance Brands - Endurance International Group". 
  26. ^ "AppMachine acquisition by Endurance International Group". 
  27. ^ http://bigrock.in, see note about merge with Directi
  28. ^ Whois on hosting company domain
  29. ^ a b NECN.com, Koch Industries sues over bogus website, release, Jan. 5, 2011
  30. ^ a b admin. "Endurance International Group (EIG) is Buying HostGator". Cast-Iron Hosting Review. 
  31. ^ "Open Source Drives Small Business". 
  32. ^ https://www.hostingkingdom.com/blog/endurance-international-group/ see Notable Acquisitions
  33. ^ "Press Releases - Endurance International Group". 
  34. ^ EmailBrain Service mark ownership
  35. ^ a b MarketWatch: Endurance International Group to Purchase Intuit Websites Business
  36. ^ http://hostclear.com, see note about merge with JustHost
  37. ^ Server.fm: The world's largest web host
  38. ^ http://www.sharedwebhostingcomparison.com/hostnine-eig/
  39. ^ "BlueHost vs HostMonster - They Are The SAME Company!". 
  40. ^ a b "Intuit Websites Acquired by Endurance International". THN News. 16 August 2012. Retrieved 17 April 2014. 
  41. ^ JustHost Company Bio | Web Hosting Review Zone
  42. ^ http://logicboxes.com, see note about merge with Directi
  43. ^ Nord, Brady. "We have been acquired. The future has a lot of MOJO!". Retrieved 17 April 2014. 
  44. ^ "Endurance International Group - Netfirms.com Acquired By Endurance International Group". 
  45. ^ "NEXX Trademark - Registration Number 2966779 - Serial Number 78373756 :: Justia Trademarks". 
  46. ^ http://resellerclub.com, see note about merge with Directi
  47. ^ a b c "Endurance International Group Reports 2015 Second Quarter Results". SEC.Gov. SEC. Retrieved 21 March 2016. 
  48. ^ "Hosting Comparison Chart". 
  49. ^ SEO Hosting. "SEO Hosting - Leader in Multiple IP SEO Hosting". 
  50. ^ http://supergreenhosting.com, see note about merge with JustHost
  51. ^ https://www.besthostnews.com/endurance-international-eig/
  52. ^ "Endurance International Group Reports 2015 Second Quarter Results". Aug 4, 2015. Retrieved 2016-05-18. 
  53. ^ http://webhosting.info, see note about merge with Directi