GoDaddy Inc. (NYSE: GDDY), the world's largest cloud platform dedicated to small, independent ventures, recently announced it has entered into an agreement to acquire ManageWP, the leading WordPress site management tool. ManageWP enables web designers and developers to manage multiple WordPress sites from a single dashboard, no matter where they are hosted.
WordPress is by far the most popular content management system for building websites globally, and over the past four years has doubled its market share to more than 50% according to W3Techs.com, August 2016. GoDaddy is the largest Managed WordPress provider and the acquisition of ManageWP demonstrates the company's continued investment in WordPress, and expanded support for the web designers and professionals who use it.
Managing multiple WordPress sites is a hassle for web developers and designers that service multiple client sites. Developers must log in to each site's dashboard to handle everything from regular maintenance tasks, such as updates, backups, and security, to publishing content and moderating comments.
With the acquisition of ManageWP, GoDaddy is the only provider of both best-in-class WordPress management and WordPress hosting solutions. GoDaddy now provides one place for web developers and designers to manage and maintain all their WordPress sites easily and efficiently, and to generate new recurring revenue streams to grow their businesses. ManageWP' s offering also includes site monitoring, backups, automated migration, deployment, publishing, client reporting and security features.
Active participation of all the parties spearheaded an efficient and structured agreement on key issues in a reasonable period of time. Highlighted by mutual trust and respect, teams from GoDaddy and Manage WP entered the venture with conviction that the project will be a growing success in the years to come.
In advisory, Motika Law Office’s legal team was led by the firm’s founder - Željka Motika - a seasoned attorney at law specializing in international commercial and IT-related transactions in the region.
Terms of the agreement were not disclosed.
