Clearlake announced that the company has signed an agreement for strategic investment in Web.com. According to the announcement, affiliates of Siris Capital Group, which acquired the Company in 2018, will remain significant equity holders in the platform together with Clearlake.
More than 3 million customers in 20 years
The financial terms of the transaction were not disclosed. Web.com is a platform that enables businesses to establish, maintain, promote, and optimize their online presence for more than 20 years. The company also offers domain registration, hosting, website, and marketing services for businesses globally. James Pade, Partner, Clearlake, said,
“Web.com provides market-leading web presence services in an attractive market segment that is seeing strong growth driven by the accelerating digital transformation of small-and-medium-sized businesses. We look forward to partnering with Siris and leveraging Clearlake’s O.P.S. playbook to accelerate growth.”