Clearlake to Make Strategic Investment in Web.com
- Web Presence Market Leader Poised for Accelerated Growth
Clearlake Capital Group, L.P. announced it has signed an agreement for a strategic investment in Web.com Group, Inc. Affiliates of Siris Capital Group, LLC (“Siris”), which acquired the Company in 2018, will remain significant equityholders in the platform together with Clearlake. Financial terms of the transaction were not disclosed.
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Headquartered in Jacksonville, Florida, Web.com is a leading platform that enables businesses to establish, maintain, promote, and optimize their online presence. Web.com offers domain registration, hosting, website, and marketing services for businesses globally. For more than 20 years, the Company has provided more than three million customers with competitive online solutions to support their changing business needs and drive results.
“Web.com provides market-leading web presence services in an attractive market segment that is seeing strong growth driven by accelerating digital transformation of small-and-medium sized businesses,” said James Pade, Partner, of Clearlake. “We look forward to partnering with Siris and leveraging Clearlake’s O.P.S.® playbook to accelerate growth.”
“This investment recognizes the strong execution of the Web.com team in providing best-in-class web presence solutions and delivering profitable growth,” said Tyler Sipprelle, Managing Director, of Siris. “Web.com has bright prospects as a global, multi-brand web technology company, and we welcome Clearlake’s support of the business’s future growth.”
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