Guest User

excuse me while i travel with money im not paying you

a guest
Jun 21st, 2012
Not a member of Pastebin yet? Sign Up, it unlocks many cool features!
text 5.06 KB | None | 0 0
  1. *[News] company update*Thu, Jun 21, 2012 11:14 AM
  2. _________________________________________Hello Fellow Gators,
  4. There have been rumors flying around the web and the office about
  5. HostGator being sold for many years now. I'd like to address these
  6. rumors and put many of your fears to rest. I still own 100% of
  7. HostGator and haven't collected a single penny towards any buyouts at
  8. this time.
  10. The latest rumor is the first that actually has some truth behind it. 
  11. I have indeed agreed to sell HostGator to Endurance International Group, which is why you're hearing stories
  12. about EIG raising financing to purchase us. We are currently under
  13. contract and if everything goes according to plan, EIG will be
  14. purchasing HostGator in the next 3-4 weeks. This is the first time in
  15. HostGator's history that we have ever reached an agreement on the
  16. terms needed to complete a deal.
  18. In the last few months, I've spent countless hours getting to know
  19. EIG's CEO Hari Ravichandran, and I can honestly say that he is one of
  20. the most trustworthy and knowledgeable people that I've ever met. In
  21. other deals we've looked at, the potential buyers have only seen
  22. HostGator as a slot machine and that's not true of Hari. He clearly
  23. understands that HostGator is the 800 pound gorilla that it is today
  24. thanks to all of you who provide the legendary support that HostGator is known
  25. for.
  27. It's only natural for all of you to be apprehensive towards change and
  28. the fear of possibly losing your job. I can write whatever I want in order to
  29. cover for EIG, but I would rather let the facts speak for themselves:
  31. When I first heard about EIG purchasing Bluehost in November 2010, I
  32. was extremely ecstatic. The first thoughts that came to mind were that
  33. EIG was going to destroy the company, resulting in one of our biggest
  34. competitors going the way of the dodo. However, rather than plunder
  35. and pillage, they've hired and flourished. Bluehost was at 280
  36. employees when the sale closed and they have 450 today. Their
  37. management team has stayed the same and the culture has stayed the
  38. same. Now, the Bluehost culture, employees, and philosophy have taken
  39. hold to become the new status quo of EIG.
  41. I'm confident the same will happen once again with the best of
  42. HostGator culture, ideas, people, and leadership coming together at
  43. EIG to create a more powerful hosting company than the world has ever
  44. seen. In fact, I've heard that EIG with HostGator will be even bigger
  45. than GoDaddy.
  47. Once this deal is complete, I will continue to own all of the
  48. HostGator occupied buildings through Oxley Leasing. EIG and I will
  49. soon have a leasing deal in place that will not only include all of
  50. the current occupied space leased, but will also expand Austin by
  51. 30,000 square feet as well as Houston by another 10,000-20,000 square
  52. feet. Hari has also told me that one of his first acts of business
  53. will be to do a major renovation of the Houston office. If EIG planned
  54. on downsizing, they wouldn't be signing such huge expansions in both
  55. Houston and Austin.
  57. HostGator will be EIG's largest acquisition to date and with that it's
  58. going to create countless opportunities for each and every person. Not
  59. only at HostGator, but also at other EIG brands. I can't stress enough how
  60. instrumental it will be for EIG to replicate HostGator's strengths
  61. across all of their brands, and to do that, they will need HostGator
  62. leaders and know how.
  64. There are many of you who are going to call me crazy for deciding to
  65. sell during a time in which HostGator has experienced unprecedented
  66. growth and success. I'll do my best below to share a few of the many
  67. reasons behind my decision:
  69. * I want to travel the world before my wife and I have kids.
  70. * I've been doing HostGator since I was 18, and I'm looking for a new
  71. challenge.
  72. * I'm extremely worried about the financial path our country is headed down.
  73. * Taxes will be going up significantly in 2013, making it more
  74. difficult for business owners.
  75. * I've failed more times than I can count to launch software that
  76. would allow us to compete as a registrar.
  77. * We have tried and failed to develop a billing system that has
  78. automated and can integrate with our key systems such as chat, phone,
  79. affiliates, and tickets. I think we are finally on the right track,
  80. but unfortunately I no longer have the patience to wait for it to all
  81. come together. Thankfully EIG has tackled a lot of these challenges
  82. already.
  83. * I have practically 100% of my chips in HostGator and if something
  84. should ever happen to the company, I'd more than likely be bankrupt in
  85. a matter of a few months.
  87. I could stick with HostGator for a few more years and turn it into a
  88. multi-billion dollar business, but I think now is the right time for
  89. me to move on and to let the company continue to grow and succeed
  90. under EIG.
  92. If any of you have any questions, feel free to email me at
  93. and I'll do my best to get them answered. The key
  94. thing to remember is that this deal isn't complete yet, and if and
  95. when it completes, Adam Farrar and the rest of management won't be
  96. going anywhere.
  99. Sincerely,
  101. Brent Oxley
Add Comment
Please, Sign In to add comment