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
Location
California, United States
Transaction Type
Buyout

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