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Home > Web Hosting > Starboard has invested in GoDaddy

Starboard has invested in GoDaddy

More than six percent of the GoDaddy shares are bought by Starboard Value, the New York-based investment company.

Rusen Gobel by Rusen Gobel
December 28, 2021
in Web Hosting
1 min read
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The activist investor Starboard Value invested in web hosting, domain, and cloud services company GoDaddy. The company has acquired 6.5% of the GoDaddy shares. This investment shows that Starboard Value believes and expects further growth in GoDaddy businesses.

From domain registering to hosting and cloud services

Value of the GoDaddy shares jumped up with Starboard’s move

Currently, GoDaddy has a market valuation of roughly 12.7 billion US dollars. The company was just a simple domain registration service provider. In recent years, GoDaddy went beyond domain registration to hosting, cloud, and e-commerce services. For that purpose, they have bought Host Europe Group in 2016.

GoDaddy has announced its revenue of Q3 2021 as 964 million US dollars. The year-to-year increment is 14.2%, up from $844.4 million. That means the company grows faster than many managing service providers in the SMB market while falling behind the big public cloud providers like Amazon Web Services and Microsoft Azure.

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Rusen Gobel

Rusen Gobel

Rusen Gobel is a news editor at Cloud7 News. With more than 10 years of experience, Rusen worked as a hardware and software news editor for technology sites such as Shiftdelete, Teknokolis, Hardware Plus, BT Haber. In addition, Rusen publishes consumer product reviews on his YouTube channel. While consumer electronics has been his main focus for years, now Rusen is more interested in WordPress and software development. He had contributed different web application projects in his professional career. Rusen had graduated from Istanbul University, department of Computer Engineering. Rusen has a very high passion for learning and writing for every kind of technology. That's why he has been working as a tech editor for more than ten years on several different technology magazines and online news portals.

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