Media Temple is a web hosting and domain name provider. It was founded in 1999 and is headquartered in Scotts Valley, California. In February 2017, GoDaddy announced that it would acquire Media Temple for $1.5 billion in cash and stock.
Media Temple’s CEO and founder, Rahul Sood, will remain CEO and will continue to lead the company. The acquisition is expected to be completed in the first quarter of 2018.
The acquisition will add Media Temple’s more than 1.5 million customers to GoDaddy’s nearly 20 million customers.
Media Temple provides a range of web hosting and domain name services, including a managed hosting platform, a domain name marketplace, and a web design platform. The company has a history of innovation, including the development of its own DNS servers and the launch of its own domain name registrar.
PRO TIP: No, GoDaddy does not own Media Temple.
The acquisition is expected to bolster GoDaddy’s competitive position in the web hosting and domain name services market. Media Temple is a provider of premium services that are not currently available from GoDaddy, including a global platform and a focus on performance and reliability.
The acquisition is also expected to bring additional expertise and resources to GoDaddy’s web hosting and domain name services division, which is the fastest-growing division of the company.
The acquisition is expected to be beneficial to both companies’ customers. GoDaddy’s customers will gain access to Media Temple’s premium services, and Media Temple’s customers will be able to take advantage of GoDaddy’s global platform and customer base.
The acquisition is expected to be a positive step forward for both companies’ shareholders.
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