May 9, 2007
IPOWER, Inc. And The Endurance International Group Announce Merger
IPOWER and Endurance International today announced the completion of their merger. The deal, which closed on May 4, brings together more than 600,000 Web sites to create the third-largest shared hosting company in the United States.
Both companies will continue to operate as unique entities, while collaborating to capitalize on their strengths to deliver outstanding hosting, Web site services and support."While IPOWER and Endurance have each been successful on their own, it has been clear to both companies that continued success requires more scale and resources than either company could have alone," explains Thomas Gorny, chief executive officer of IPOWER. "The ability of the merged companies to grow simultaneously through organic customer adds and acquisitions, along with new product offerings to our combined customer base, will make for an incredible force in the industry."
The combination of IPOWER's marketing prowess, Endurance's operational expertise and the powerful backend capabilities of the combined organization positions the new organization to support its tremendous customer base with exceptional hosting and inventive new products and services.
"IPOWER and Endurance are both known for innovation," said Steve Sydness, chief executive officer of Endurance International. "Together, we can lead the industry with best-in-class products and technologies that enable us to respond quickly to our dynamic industry--and address our customers' growing expectations."
Headquartered in Phoenix, AZ, IPOWER provides Web hosting and Web services for small- and medium-sized businesses worldwide looking to build, manage, promote and profit from an online presence. The company was founded in October 2001.
About The Endurance International Group
Located in Burlington, MA, The Endurance International Group has been a leading provider of shared Web site hosting and other online services for businesses, Web designers and individuals since 1997.