Tech, Media & Telecom: Go Daddy Buys M.dot
M.dot is a mobile application that allows small businesses to create and manage their websites
Go Daddy, a web platform for small businesses, has acquired M.dot Inc., a mobile application for small-business website creation.
The application also allows small businesses to manage their websites from a smartphone or tablet. The deal is reportedly valued at $15 million.
M.dot was founded by Dominik Balogh and Pavel Serbajlo, and backed by venture capital firms Floodgate, SV Angel and Archimedes Labs.
Kohlberg Kravis Roberts & Co. LLP (NYSE: KKR), Silver Lake and Technology Crossover Ventures invested in Go Daddy in December 2011.
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