Newfold Digital Completes Acquisition of MarkMonitor from Clarivate

Rhea-AI Summary

Newfold Digital has successfully acquired MarkMonitor™, an enterprise-level domain management provider, from Clarivate Plc (NYSE:CLVT) as of November 1, 2022. The acquisition enhances Newfold's capabilities in establishing and protecting online presence for businesses. CEO Sharon Rowlands emphasized MarkMonitor’s expertise and commitment to security, aiming for ongoing improvements in customer service. This is part of Newfold's strategy to expand its product offerings and enhance customer experience across its global operations.

Positive

• Acquisition strengthens Newfold Digital's enterprise domain management capabilities.
• MarkMonitor's expertise enhances offerings for online presence protection.
• Strategic focus on expanding product portfolio for nearly 7 million customers.

Negative

• None.

Strengthens Newfold Digital's enterprise domain management capabilities

JACKSONVILLE, Fla., Nov. 1, 2022 /PRNewswire/ -- Newfold Digital ("Newfold"), a leading web and commerce technology provider backed by affiliates of Clearlake Capital Group, L.P. ("Clearlake") and Siris Capital Group, LLC ("Siris"), today announced that it has completed its acquisition of MarkMonitor™, an industry-leading enterprise-level provider of domain management solutions from Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation.

"As we officially welcome MarkMonitor to Newfold Digital, we simultaneously underscore our commitment to helping businesses of all sizes establish and protect their online presence," said Sharon Rowlands, CEO of Newfold Digital. "Beyond its expertise in domain management and protection, MarkMonitor brings industry experience and a commitment to security. We will continue to look for further opportunities to address our customers' online presence needs."

Evercore acted as financial advisor and Blank Rome LLP acted as legal advisor to Clarivate. Sidley Austin LLP acted as legal adviser and RBC Capital Markets and J.P. Morgan Securities LLC acted as financial advisors to Newfold, with BNP PARIBAS, Deutsche Bank, Mizuho and UBS Investment Bank also providing advice.

About Clarivate
Clarivate™ is a global leader in providing solutions to accelerate the pace of innovation. Our bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of Academia & Government, Life Sciences & Healthcare, Professional Services and Consumer Goods, Manufacturing & Technology. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. For more information, please visit clarivate.com.

About Newfold Digital
Newfold Digital is a leading web and commerce technology company serving nearly 7 million customers globally. Established in 2021 through the combination of leading web services providers Endurance Web Presence and Web.com Group, our portfolio of brands includes: Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and many others. We help customers of all sizes build a digital presence that delivers results. With our extensive product offerings and personalized support, we take pride in collaborating with our customers to serve their online presence needs. Learn more about Newfold Digital at Newfold.com.

About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. More information is available at www.clearlake.com and on Twitter @Clearlake.

About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris' development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris' Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.

Newfold contact details
Media Contact
Nicole Cassis, Vice President, Communications
Nicole.cassis@newfold.com

Clarivate contact details
Media Contact
Amy Bourke Waite, Snr Director, Corporate Communications, Clarivate
newsroom@clarivate.com

Investor Relations Contact
Mark Donohue, Head of Investor Relations
mark.donohue@clarivate.com

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SOURCE Newfold Digital

FAQ

What is the significance of Newfold Digital's acquisition of MarkMonitor from Clarivate?

The acquisition enhances Newfold Digital's domain management capabilities, allowing it to better serve businesses in establishing and protecting their online presence.

When was the acquisition of MarkMonitor by Newfold Digital completed?

The acquisition was completed on November 1, 2022.

How does the acquisition of MarkMonitor impact Clarivate (CLVT) shareholders?

The press release does not specify direct impacts on Clarivate shareholders; however, divesting MarkMonitor could allow Clarivate to focus on its core business areas.

What are the future prospects for Newfold Digital after acquiring MarkMonitor?

Newfold Digital aims to leverage MarkMonitor's expertise to enhance customer service and expand its product offerings, potentially leading to revenue growth.