Newfold Digital Strengthens Core Business by Selling Markmonitor
Newfold Digital's recent decision to sell Markmonitor marks an insightful strategy to sharpen their focus on core global brands like Bluehost and Network Solutions. This maneuver, applauded by industry experts, showcases the company's commitment to prioritizing its primary offerings and enhancing value for its customers.
Announcement of the Sale
Newfold Digital, a renowned web and commerce technology company with a customer base nearing 7 million worldwide, has successfully completed the sale of Markmonitor to Com Laude. Com Laude, a corporate registrar owned by PX3 Partners, has a strong foundation and reputation in the sector, positioning them well to take over Markmonitor's operations.
Sharon Rowlands, the CEO of Newfold Digital, expressed satisfaction with the sale, saying, "This sale allows us to simplify our portfolio and strengthen our focus on Bluehost and Network Solutions," emphasizing the potential for accelerated growth and enhanced customer value through this strategic shift.
Support and Advisors
Throughout this transition, Newfold Digital received critical support from RBC Capital Markets, who acted as the exclusive financial advisor, alongside KPMG for accounting and tax advice, and legal counsel from Sidley Austin. This team of experts helped ensure a smooth and efficient closure of the deal.
About Newfold Digital
Newfold Digital stands as a leader in the web and commerce technology landscape, catering to nearly 7 million customers globally. Their diverse portfolio includes well-regarded brands like Bluehost, Crazy Domains, HostGator, and Network Solutions, among others. The company’s mission revolves around empowering customers of every size to establish a worthwhile digital presence. With a range of comprehensive products and customized support, Newfold Digital is dedicated to helping clients navigate their online needs effectively.
Continuing the Journey
This sale is not merely an exit but a step forward for Newfold Digital as it looks to streamline its operations. The aim is clear: to double down on their primary services while continuing to innovate and support their users in new and exciting ways.
Commitment to Customers
As Newfold Digital narrows its focus, the company reassures its commitment to delivering high-quality service through its core brands. Customers can expect an enhanced experience, better resources, and more robust tools designed to support their online journeys.
Frequently Asked Questions
What motivated Newfold Digital to sell Markmonitor?
The sale aimed to streamline their operations and enhance focus on core brands, providing better services to customers.
Who acquired Markmonitor?
Com Laude, a global corporate registrar, acquired Markmonitor from Newfold Digital.
What are the implications of this sale for Newfold Digital?
This strategic move allows Newfold Digital to focus more on Bluehost and Network Solutions, potentially improving customer service.
How does Newfold Digital support its customers?
Newfold Digital offers a wide array of products coupled with personalized support to help customers establish a solid online presence.
What are Newfold Digital's primary brands?
The primary brands include Bluehost, Crazy Domains, HostGator, and Network Solutions, among others.
