HOUSTON, Aug. 20, 2018 /PRNewswire/ -- On
August 20, 2018, cPanel signed an
agreement to be acquired by a group led by Oakley Capital (Oakley).
The group also owns Plesk and SolusVM. This investment will enable
significant investment in new product and feature innovation and
will support growth in headcount in Houston, Texas, USA where cPanel will continue
to be headquartered.
Established in 1997 by CEO Nick
Koston, cPanel provides one of the Internet infrastructure
industry's most reliable and intuitive web hosting automation
software platforms. With its rich feature set and customer first
support, the fully-automated hosting platform empowers
infrastructure providers and gives customers the ability to
administer every facet of their website using simple
point-and-click software. Based in Houston, TX, cPanel employs over 220 team
members and has customers in more than 70 countries.
cPanel has developed an FAQ at
https://go.cpanel.net/investmentfaq that it hopes answers many
questions that typically arise following the announcement of a
transaction.
Nick Koston, CEO of cPanel,
Inc. commented:
This investment reflects a great step forward for cPanel.
Our team has developed software that contributes to the success of
millions of websites operating globally and looks forward to
continuing to do so with the same passion that you, our loyal
customers have come to love. This investment will give
Internet infrastructure providers access to a wider range of
software, features, and support. I am excited about what the
future holds for the company and the great team at cPanel.
For further information, please contact:
cPanel, Inc.
benny Vasquez, Manager of Community Engagement
832-433-4005
investmentquestions@cpanel.net
Related Links
cPanel, Inc.
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SOURCE cPanel, Inc.