Endurance International to Acquire Constant Contact
Endurance International Group Holdings will acquire Constant Contact for $1.1 billion.
The deal will expand Endurance's position in the small business marketing space from Web presence to online marketing services and extend its product portfolio of solutions and integrated products for its millions of subscribers through the addition of Constant Contact's suite of online marketing tools, such as email marketing, events management, social media integration, and contact management systems.
"We couldn't be more pleased to welcome Constant Contact to our team and our family of brands. We have long admired Constant Contact and its strong management team and all that it has accomplished in building a great product set, as well as building an influential culture and team. Their focus on the customer and product development complements our offerings for small business services and expands our ability to address the needs of SMBs. We know that once small businesses have a Web presence, they look for other products and services that will help them to grow their business. We see an opportunity to help our growing subscriber base meet their goals through an integrated suite of solutions, and we are excited to add this talented team to our roster," said Hari Ravichandran, president and CEO of Endurance, in a statement.
"Our team has always been passionate about helping small businesses do more business. Joining the Endurance family of brands will allow us to extend our reach and be a better partner to small businesses across the globe. We have long shared a parallel path, from our focus on SMBs, to technology, to talent, and we believe this transaction will build continued value for all constituents," said Gail Goodman, CEO of Constant Contact, in a statement.