Oakley Capital’s WebPros BV crew is obtaining a majority stake in cPanel, the Linux-based internet webhosting automation device platform.
Based by way of Nick Koston in 1997, cPanel supplies automation gear and GUI to assist customers simply arrange their web pages and webhosting accounts. The cPanel comes with a collection of wealthy options to permit the purchasers to manage the entire aspects of a web site the usage of more straightforward level and click on device.
The purchase of cPanel is a part of Oakley’s solution to achieve main web infrastructure device companies. It additionally invested considerably in its WebPros BV crew to procure Plesk and SolusVM.
“We are delighted to have the opportunity to acquire one of the most well-respected businesses in internet infrastructure software. Oakley has significant experience of investing in this sector, and we look forward to working with Nick and the team to continue cPanel’s growth,” mentioned Peter Dubens, Managing Spouse of Oakley Capital Non-public Fairness.
The corporations mentioned that new transaction will permit important funding in new product and have innovation and fortify the expansion of cPanel platform to supply an progressed consumer enjoy.
“This investment reflects a great step forward for cPanel. Our team has developed software that contributes to the success of millions of websites operating globally and looks forward to continuing to do so with the same passion that our loyal customers have come to love,” mentioned Nick Koston, CEO of cPanel, Inc.
“This investment will give internet infrastructure providers access to a wider range of software, features and support. I am excited about what the future holds for the company and the great team at cPanel.”
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Oakley will make investments $50 million into WebPros as part of this transaction, which is matter to regulatory approval. cPanel has greater than 220 staff, with consumers in over 70 international locations. The corporate will stay headquartered in Houston, Texas, with Nick proceeding as CEO.
Symbol supply: cPanel