Arvixe acquired

Wed, 5th November 2014, 19:44

It has been confirmed that top rated webhost Arvixe has become the latest acquisition for mega host Endurance International Group (EIG). The sale became public when EIG released a report on 2014 Third Quarter Results

Third Quarter Operating Highlights

During the quarter, the company acquired Webzai, Ltd. and the assets of BuyDomains. In addition, on October 31, 2014, the company acquired the assets of Arvixe, LLC. The total consideration for these acquisitions is expected to be approximately $77 million.

Arvixe founder and CEO Arvand Sabetian has publicly confirmed that the sale has indeed been finalized.

As you know, myself and my staff have always played an active part on WHT as well as other public venues. And lack of response on here has not been as a result of trying to hide anything but that as you can imagine, things have been busier than normal.

First, I want to take the time to thank all of our customers on here for the support over the years. Without the customers, Arvixe would never have become the brand we are today and be given this opportunity to continue to work with Endurance to serve our customers. Despite some of the negative sentiment, it is truly humbling to see the concerns that have been posted here - which I can truly resonate with.

Our goal in this acquisition is to move the brand forward with the same principles I founded the company on, which have included providing the highest quality product at the most affordable prices possible. All I can say is that these principles are what attracted Endurance to Arvixe, and what we’re both striving to maintain.

As many of you have followed Arvixe for a number of years, you know that I stand by what I say and that my customers and my staff have been the 2 most important aspects to me while growing the company. So, it shouldn't come as a shock that regardless of what choices are made in the future in regards to Arvixe customers, I will be here to help make sure customers are taken care of first.

Endurance has a lot of experience migrating customers. And Arvixe has migrated customers from one datacenter to another since our inception (as we lease all of our hardware). This is experience that's undeniable and we'll use the same expertise to make sure the least amount of impact is noticed by the same customers that helped us get here and will be here to reap the benefits of the new partnership with Endurance.

With everything in a state of change, and I do not yet have all the answers, but we’ll do everything possible to maintain open and transparent communications with our customers and the community.

Hostjury will continue to update the details as they continue to emerge.

Update #1

Reuters is reporting that the French subsidiary of Avanquest Software, Avanquest North America Inc. sold its 50 pct stake in Arvixe LLC on Tuesday.

Contabo VPS Servers