Endurance Completes Acquisition of Directi

Last September, there were reports that publicly traded Endurance International Group had agreed to acquire Directi, a company founded by brothers  Divyank & Bhavin Turakhia. In a press release this evening, Endurance announced that the acquisition has been completed.

According to the release:

“Endurance International Group is pleased to announce that it has completed the acquisition of the web presence business of Directi, which operates India’s leading domain registration business. The acquisition of Directi includes B2B brands ResellerClub, LogicBoxes and webhosting.info as well as successful web presence brand BigRock.”

The press release didn’t announce the financial terms of the acquisition, but I would assume those final figures will be made public in subsequent SEC filings. According to the Endurance S1 filing  from September 9, 2013, the deal was for  “between $100 million and $110 million in cash or, at the election of the seller, a combination of cash and shares of our common stock.

One interesting tidbit from the press release, and probably something that isn’t a surprise to anyone who knows the Turakhia brothers, is that  Bhavin Turakhia will remain on board to help with the integration process. The CEO spoke highly of  Turakhia and his company’s employee recruiting efforts in the news release.

Congratulations to  Divyank & Bhavin, who started this company from scratch and built it into a reported 9 figure transaction.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn
  1. Endurance is truly a terrible company. I echo Vincent’s sentiments. HostGator was an amazing company and is now absolute garbage after being acquired by Endurance. Same for all the brands they previously acquired. Terrible overloaded servers and crappy customer service. What goes around comes around and I hope they aren’t in business too much longer.

Leave a Reply

Recent Posts

Trademarkia Hiring Lead Developer for Domain Registrar Integration

Trademarkia is a website I use occasionally to perform trademark-related searches. This morning, I noticed a job listing the company posted on LinkedIn that...

SquadHelp Ultra Premium Marketplace Goes Live

🎉 It's here! The Ultra-Premium Marketplace is live We've partnered with @HilcoDigital to curate an incredible collection of domains. More additions coming soon! 🌟 Check it...

ROTD Auction Web3 Domain Names

According to a press release I received a moment ago, Right of the Dot is auctioning "Web3" domain names in partnership with Unstoppable Domains....

Sage.ai Dispute Gives Guidance on Common One Word Domains

The latest #UDRP Digest (Vol 3.37) is out now! Read about some interesting cases including #sage.ai, #stable.com, #extenso.org and more, with commentary from @dnattorney...

BuyDomains Discontinues Sharing Domain Name Sales

BuyDomains owns and operates a very large domain name portfolio consisting of hundreds of thousands of domain names - possibly millions. Many of the...