GoDaddy Gets Very Deep Pockets (the data center business gets red hot)
GoDaddy just announced that they have taken an investment from and formed a strategic relationship with three of the largest private equity firms (KKR, Silver Lake and TCV). The financial details weren’t disclosed but it’s fair to say that a company that has grown largely by self-funding just got access to a very large war chest. This follows closely on the finalization of Verizon’s acquisition of Terremark and the integration of the organizations, in essence quickly bulking up Terremark and giving them access to the resources of Verizon.
Now I guess we just have to wait and see exactly what money buys.…
