GoDaddy Inc (NYSE: GDDY) is known for hosting domain names for millions of websites around the world. It has more than 14.5 million customers worldwide and more than 63 million domain names under its management. Many of its customers have a WordPress powered website.
GoDaddy acquires Sucuri in order to step up advanced security for its customers. The acquisition was announced on 22nd March. Sucuri is a platform-agnostic website security platform that is designed to help its users to monitor security issues, disclose unknown WordPress vulnerabilities and attack vectors and take care of other security threats.
Sucuri shall operate as a separate entity under the GoDaddy umbrella. Its employees will transfer to GoDaddy while remaining under the leadership of Cid and Perez.
GoDaddy has been focussing on WordPress activities (Afterall it powers 25% websites of the world) over the course of the last few years. Hence, focussing on its security measures is a must. GoDaddy acquired Host Europe Group for $1.79 billion in December 2016, growing its overall hosting business. In the same month, GoDaddy also acquired WordPress services firm WP Curve.
Financial terms of the deal have not been publicly disclosed.
Statements from the chiefs
Blake Irving, Chief Executive Officer of GoDaddy stated, “Our ability to serve our growing base of 14.7 million global customers with new tools and services continues to drive steady and sustainable growth now and into the future”. GoDaddy has been focussing on WordPress activities (Afterall it powers 25% websites of the world) over the course of the last few years.
Sucuri founder, Daniel Cid, said in a statement, “Since our inception, we have always had a single goal of protecting our customers’ websites and we achieve this with two very simple approaches, build things that deliver value and that stay ahead of emerging threats.”