GoDaddy
GoDaddy announced the completion of its acquisition of Poynt.
The December 2020 deal involved $365 million dollars of which $320 million was paid in cash.
The acquisition expands GoDaddy’s commerce services to help small businesses grow by utilizing a unified platform.
According to the GoDaddy press release:
“GoDaddy exists to empower everyday entrepreneurs and we’re committed to helping their ventures succeed by delivering seamlessly intuitive commerce experiences that enable them to sell everywhere, from e-commerce to physical stores,” said GoDaddy CEO Aman Bhutani.
“Poynt delivers amazing experiences in payments, invoicing and point-of-sale that strengthen our commerce offerings and will bring significant value to our customers. I want to welcome Osama and the entire Poynt team to the GoDaddy family.”
Poynt CEO Osama Bedier will lead GoDaddy’s new Commerce Division, reporting to GoDaddy CEO Aman Bhutani.
GoDaddy will be sharing its quarterly earnings report on February 11, after the closing of the markets.
