But we told the Street to expect M&A growth to continue". We don't have any deals we're announcing. īlake Cunneen, Endurance's senior vice president of corporate development has stated: "Investing in mergers and acquisitions is a very accretive use of free cash flow and going forward we'll continue to do so. Endurance is acquiring hosting companies domestically and internationally. The concept was to roll up small ISPs into one large ISP and achieve economies of scale. This path to increased size is similar to the path networking company Verio followed in the 1990s, using free cash flow and access to capital markets in acquiring assets to add to their corporate portfolio. In a 2015 investor earnings conference call, the company reported having 4.2 million worldwide customers. This was below the company's target goal of $400 million. It went public in October 2013 raising $252 million selling shares to the public at $12 each. The company announced it would list on the NASDAQ under the ticker symbol EIGI. In September 2013, the company announced plans to raise $400 million in an IPO. In 2011, Endurance was bought from Accel-KKR by Warburg Pincus and GS Capital Partners, for around $975 million. ( September 2022) ( Learn how and when to remove this template message) Please help improve this section if you can. This section may require cleanup to meet Wikipedia's quality standards.
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