Hostgator one of the most popular and largest Web Hosting Company has been Sold To Endurance International Group (EIG) For $225 Million USD Dollars. This news comes from WHF Forum.Although this is also a Shocked news for me when I hear this news.
The Backbone of HostGator is Brent Oxley who is the Founder and Chairman of This Company. Hostgator Founded in the Year of 2002. HostGator was rapidly Growing fast since 2002 under the Supervision of Brent and till Now they have 350+ Employees.
CEO of Endurance International Group Mr. Hari Ravichandran Offered Brent Oxley $225 Millions USD for HostGator and Brent accepted this offer.
About Hostgator
CEO: Brent Oxley
Founded: 2002
Number of Servers: 12000
Total Customers Till Now: 400k+
Number of Staffs: 350+
Mr. Brent Oxley process this deal within 3 – 4 weeks. Brent also assured their Staff members and whole team that there will not be any Changes to their management as well as there is no fear of Lay off of any Staffs because EIG has planned to Expand this Company and add More Staffs to HostGator. So there won’t be any risk at their Employees Jobs and Positions.
About Endurance International Group (EIG)
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This is really shocking, How come one of the biggest hosting company take this decision. BTW $225 Million is not a small amount.
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You are Right Tauseef $225 Million is not a small amount. Thanks for dropping the comment.
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