GoDaddy Completes Acquisition of Poynt

Rhea-AI Summary

GoDaddy Inc. (NYSE: GDDY) has successfully acquired Poynt, aiming to enhance its commerce services for small businesses. This acquisition enables GoDaddy to provide integrated solutions for both online and offline sales. CEO Aman Bhutani emphasized the importance of this move in delivering intuitive commerce experiences, including payments and point-of-sale services, benefiting their 20 million global customers. Osama Bedier, Poynt's CEO, will lead GoDaddy's new Commerce Division, further strengthening GoDaddy's market position.

Positive

• Acquisition of Poynt enhances GoDaddy's commerce capabilities.
• Integration allows small businesses to manage online and offline sales from one platform.
• Osama Bedier to lead the new Commerce Division, indicating strategic leadership for growth.

Negative

• None.

SCOTTSDALE, Ariz., Feb. 9, 2021 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced it has completed its acquisition of Poynt. The combination expands GoDaddy's commerce services to help small businesses grow – both online and offline – using one platform.

"GoDaddy exists to empower everyday entrepreneurs and we're committed to helping their ventures succeed by delivering seamlessly intuitive commerce experiences that enable them to sell everywhere, from e-commerce to physical stores," said GoDaddy CEO Aman Bhutani. "Poynt delivers amazing experiences in payments, invoicing and point-of-sale that strengthen our commerce offerings and will bring significant value to our customers. I want to welcome Osama and the entire Poynt team to the GoDaddy family."

Poynt CEO Osama Bedier will lead GoDaddy's new Commerce Division, reporting to GoDaddy CEO Aman Bhutani.

About GoDaddy
GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online. With 20 million customers worldwide, GoDaddy is the place people come to name their idea, build a professional website, attract customers and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success. To learn more about the company, visit www.GoDaddy.com.  

Source: GoDaddy Inc.

© 2021 GoDaddy Inc. All Rights Reserved.

 

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SOURCE GoDaddy Inc.

FAQ

What is the significance of GoDaddy's acquisition of Poynt?

The acquisition enhances GoDaddy's commerce services, allowing small businesses to manage online and offline sales using a unified platform.

Who will lead the new Commerce Division at GoDaddy after the acquisition?

Osama Bedier, the CEO of Poynt, will lead GoDaddy's new Commerce Division.

How will the acquisition of Poynt affect GoDaddy's customers?

The acquisition will provide GoDaddy's 20 million customers with improved payment, invoicing, and point-of-sale solutions.

When was the acquisition of Poynt by GoDaddy announced?

The acquisition was announced on February 9, 2021.

What is GoDaddy's mission with the acquisition of Poynt?

GoDaddy aims to empower entrepreneurs by offering seamless commerce experiences, enhancing their ability to sell everywhere.