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Newfold Digital (formerly Endurance International Group (EIG) and BizLand, and merged with Web.com in 2021), is an IT services company specializing in web hosting. The company was founded in 1997 and is headquartered in Burlington, Massachusetts, USA.[1] It achieved its size by acquiring a large number of smaller companies, which it continues to operate under the original brand names, while moving their IT infrastructure to India.
In 2011, Endurance was bought from Accel-KKR Warburg Pincus and GS Capital Partners, for around $975 million. In September 2013, the company announced plans to raise $400 million in an IPO.The company announced it would list on the NASDAQ under the ticker symbol EIGI.[5] It went public in October 2013 raising $252 million selling shares to the public at $12 each. This was below the company's target goal of $400 million.
Becoming one of the Internet's largest Web hosting providers, the company was structured differently from other large hosting companies such as Rackspace, GoDaddy, or 1&1 Ionos. The company has grown its hosting and related business through numerous acquisitions.
