The Endurance International Group Sells Stake to Accel-KKR

Oct. 14, 2008 - (TopHosts News Brief) - The Endurance International Group, one of the global leaders in providing Web hosting and online services, announced that Accel-KKR has purchased a majority stake in the company. Accel-KKR currently has $1 billion USD worth of assets under management.

Burlington, MA-based, Endurance, merged with Web host, IPOWER in May 2007 and acquired PowWeb in April 2006. Endurance serves more than 600,000 subscription accounts worldwide and manages over one million domain names.

Steve Sydness, CEO of Endurance and Executive Vice Presidents Hari Ravichandran and Thomas Gorny continue to own significant stakes in the company and will retain existing roles.

Sydness said in a news release today: “As we begin the next chapter of growth for our company, we are delighted to partner with Accel-KKR, a firm with a long track record of helping to build great technology businesses. We are proud of the leading brands and worldwide customer base we have developed and are confident the best is yet to come for our company — and for our customers. Our industry remains a highly fragmented one and we are well-positioned to continue growing organically and through acquisitions. We look forward to working with Accel-KKR as we pursue our growth strategy.”

Ben Bisconti, Managing Director of Accel-KKR said of Endurance: “This is an exceptional team and a well-positioned business, and we are pleased to be investing behind both.”

Visit http://www.accel-kkr.com to learn more.