Newfold Digital Acquires Deluxe's Australia Web Hosting Business (Hostopia Australia)
March 8, 2022
Newfold Digital, a PE-backed web and commerce technology company, agreed to acquire Deluxe Corporation's Australia web hosting business (Hostopia Australia), a platform that serves more than 50,000 small business customers and hosts 250,000 websites. The deal, announced March 8, 2022, expands Newfold's presence in Australia and was described as part of Deluxe's portfolio-refinement strategy.
- Buyers
- Newfold Digital, Clearlake Capital Group, Siris Capital Group
- Targets
- Deluxe's Australia web hosting business (Hostopia Australia)
- Sellers
- Deluxe Corporation
- Industry
- Cloud & SaaS
- Location
- Australia
- Transaction Type
- Divestiture
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