GoDaddy Acquires Poynt to Expand Commerce and Payments
December 15, 2020
GoDaddy Inc. agreed to acquire Poynt to integrate in-person point-of-sale, payments and commerce capabilities into its Websites + Marketing and WordPress commerce offerings. The deal pays $320 million cash at close plus up to $45 million in deferred cash and is expected to contribute more than $150 million of bookings in 2023; Poynt CEO Osama Bedier will join GoDaddy to lead a new Commerce Division.
- Buyers
- GoDaddy Inc.
- Targets
- Poynt
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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