Endurance International Group (NASDAQ: EIGI), with a family of web hosting brands that includes Bluehost, HostGator, iPage and Domain.com, has acquired Constant Contact (NASDAQ:CTCT). The acquisition extends Endurance’s 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.
Endurance International Group will acquire all of Constant Contact’s outstanding shares of common stock for $32.00 per share in cash, valuing Constant Contact at approximately $1.1 billion. The transaction brings together two long-standing Massachusetts companies. It would expand Endurance’s position as a prominent player in the small business marketing space – from web presence to online marketing services.
“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,” said Hari Ravichandran, president and chief executive officer of Endurance. “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.”
Web hosting company Endurance International Group is headquartered in Burlington, Massachusetts, has a presence in Asia and the Americas, and employs more than 2,700 people across the United States in Utah, Texas, Washington and Arizona and in the United Kingdom, India, Israel and Brazil.
“Our team has always been passionate about helping small businesses do more business,” said Gail Goodman, chief executive officer (CEO) of Constant Contact. “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.”