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Tag: Endurance International Group

  • TripAdvisor Acquires SinglePlatform to Help Restaurants Enhance Experience

    TripAdvisor Acquires SinglePlatform to Help Restaurants Enhance Experience

    TripAdvisor has announced the acquisition of SinglePlatform from its parent company, Endurance International Group.

    SinglePlatform works with restaurants to help them publish and manage their menus online, as well as other pertinent information, such as their hours of operation and contact information. The service has become increasingly important to restaurants, given that “93 percent of diners check menus online before choosing a place to eat.”

    “We are obsessed with making restaurateurs’ jobs easier and more successful, and our acquisition of SinglePlatform is an important step in offering them a place to conveniently manage their entire online presence across the web from TripAdvisor,” said Bertrand Jelensperger, senior vice president, TripAdvisor Restaurants. “We look forward to bringing SinglePlatform’s technology and know-how to a truly global audience to help millions of restaurant owners and managers unlock more digital opportunities.”

    “We could not be more excited to join forces with TripAdvisor,” said Josh Glantz, senior vice president and general manager, SinglePlatform. “SinglePlatform’s strength in the United States combined with TripAdvisor’s global reach and advertising platform for restaurants perfectly positions our combined team to offer more solutions for owner-operators and multi-location brands everywhere to reach consumers at the moment they are looking for dining options.”

    The combination of TripAdvisor and SinglePlatform is a logical one, as TripAdvisor is one of the platforms SinglePlatform publishes information to. Meanwhile, TripAdvisor has been working to expand its services and value to the restaurant industry and the new acquisition will help it make significant strides in that direction.

  • Constant Contact To Be Acquired For $1.1 Billion

    Email marketing solutions provider Constant Contact has agreed to be acquired by Endurance International Group in a deal valued at $1.1 billion.

    Under the agreement, Endurance International will acquire all of Constant Contact’s outstanding shares of common stock for $32 per share in cash. The deal, which represents a premium of about 23% over Constant Contact’s closing price of $26.10 on October 30, has been approved by the boards of both companies.

    Endurance President and CEO Hari Ravichandran said, “We couldn’t be more pleased to welcome Constant Contact to our team and our family of brands. We have long admired Constant Contact and its strong management team, and all that it has accomplished in building a great product set, as well as building an influential culture and team. Their focus on the customer and product development complements our offerings for small business services, and expands our ability to address the needs of SMBs. We know that once small businesses have a web presence, they look for other products and services that will help them to grow their business. We see an opportunity to help our growing subscriber base meet their goals through an integrated suite of solutions, and we are excited to add this talented team to our roster.”

    “Our team has always been passionate about helping small businesses do more business,” said Constant Contact CEO Gail Goodman. “Joining the Endurance family of brands will allow us to extend our reach and be a better partner to small businesses across the globe. We have long shared a parallel path—from our focus on SMBs, to technology, to talent—and we believe this transaction will build continued value for all constituents.”

    As pointed out in the announcement, both Constant Contact and Endurance International Group are based in in Massachusetts.

    The deal is expected to close in the first quarter of 2016 pending shareholder approval.

    Image via Constant Contact