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Our FamilyForum Welcome Center => Chit Chat & Humor => Computers & Internet => Topic started by: Lesmond on August 21, 2018, 12:50:36 PM

Title: cPanel signed an agreement to be acquired by a group led by Oakley Capital
Post by: Lesmond on August 21, 2018, 12:50:36 PM

Didn't see this coming :o

Quote

On August 20th, 2018, cPanel signed an agreement to be acquired by a group led by Oakley Capital (Oakley). The group also owns Plesk and SolusVM. This transaction will enable significant investment in new product and feature innovation and will support growth in headcount in Houston, Texas, USA where cPanel will continue to be headquartered.

Source (http://"http://news.cpanel.com/oakley-capital-to-invest-in-cpanel-acquisition-will-accelerate-the-next-phase-of-product-development-for-cpanel/")

Title: Re: cPanel signed an agreement to be acquired by a group led by Oakley Capital
Post by: Ken on August 21, 2018, 06:03:43 PM

Interesting development, seems that companies are forever 'acquiring' each other.

Title: Re: cPanel signed an agreement to be acquired by a group led by Oakley Capital
Post by: Lesmond on August 21, 2018, 06:06:22 PM

Yes I agree, we dont know who owns who now days?

Title: Re: cPanel signed an agreement to be acquired by a group led by Oakley Capital
Post by: Skhilled on August 22, 2018, 08:12:37 AM

I've been reading a lot about this this morn from many sources and most don't see this as a good thing. I don't blame them at all. Usually when things like this happen the buyer cuts costs and raises prices to try to get their money back that they've spent. And since they already own the other two giants I think they will probably end up cutting one or more of them. Time will tell but it doesn't sound good. Hard to stay positive about this.  :-\

EDIT: You can see from some of the posts on their boards how people feel. I'm sure they are getting slammed with emails, etc.

https://forums.cpanel.net/threads/oakley-capital-to-invest-in-cpanel.635649/

Title: Re: cPanel signed an agreement to be acquired by a group led by Oakley Capital
Post by: Ken on August 22, 2018, 12:38:56 PM

They are getting lots of negative feedback.