Newfold Digital, a technology company backed by Clearlake Capital Group and Siris Capital Group, has entered into a definitive agreement with Deluxe, a payments and business company, to acquire Deluxe’s Australia web hosting business.
Deluxe is a trusted payments and business technology company that helps businesses pay and get paid, accelerate growth and operate more efficiently. The firm’s web hosting business serves more than 50,000 small business customers and hosts 250,000 websites.
Newfold Digital is a web and commerce technology company serving nearly 7 million customers globally. The acquisition expands Newfold Digital’s presence in the Australian market and will enable the acquired customers to benefit from Newfold Digital’s industry-leading brands, products, and customer support.
“Newfold Digital’s mission is centered on helping businesses of all sizes build and grow an online presence, so we are confident our Australia web hosting customers will be in good hands,” said Garry Capers, president of Cloud Solutions for Deluxe. “To better manage our portfolio of businesses, and to emphasize our cross-sell abilities, it makes sense at this time to sell our Australia hosting operations to further refine our offerings in the North American market.”