Newfold Digital Signs agreement to acquire MarkMonitor from Clarivate
Clarivate is focused on enabling corporations and law firms to innovate faster and unlock the true value of intellectual property across patents, trademarks and copyrights
MarkMonitor to strengthen Newfold Digital’s enterprise domain management capabilities
London, UK and Jacksonville, FL, September 12, 2022 – Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced that Newfold Digital (“Newfold”), a leading provider of web and commerce technology, backed by Clearlake Capital Group , LP (collectively with its affiliates, “Clearlake”) and Siris Capital Group, LLC (collectively with its affiliates, “Siris”) have signed a definitive agreement to acquire MarkMonitor™, an industry-leading provider of enterprise-level domain management solutions .
Under the terms of the agreement, Clarivate will receive approximately $302.5 million in cash proceeds. The transaction is expected to close in late 2022, subject to satisfaction of regulatory approvals and other customary closing conditions.
Clarivate Chief Product Officer Gordon Samson said, “Newfold is a perfect fit for MarkMonitor. Upon closing of the transaction, we believe the integration of these two companies will create a rich product suite and differentiated web presence offering that will add value to businesses of all sizes. We are confident that under Newfold, MarkMonitor will continue to thrive and provide even better services to its customers. Upon completion of this transaction, Clarivate will be better positioned to focus even more attention and investment on our core portfolio and everything critical to IP lifecycle management.”
The acquisition of MarkMonitor will underscore Newfold Digital’s continued commitment to providing differentiated web presence solutions to clients around the world. MarkMonitor, an ICANN-accredited registrar and recognized industry leader since 1999, serves the domain management needs of approximately 2,000 customers worldwide, with a focus on Fortune 500 companies and other large enterprise customers. This makes MarkMonitor a natural extension of Newfold’s portfolio of web technology brands, which includes Network Solutions, the world’s first registrar, Web.com, Bluehost, Register.com and Domain.com.
“As web presence requirements continue to grow and evolve, domain management and protection will become increasingly important. Businesses need trusted partners and solutions that deliver results, and MarkMonitor is known for its expertise in meeting the domain portfolio needs of some of the world’s most demanding digital businesses, making it a natural fit to our family of web technology brands . said Sharon Rowlands, CEO of Newfold Digital.
The MarkMonitor team, led by Stu Homan, Head of Domain Management, will join Newfold.
“We are proud that Newfold recognizes the value of MarkMonitor’s world-class global domain management service,” said Homan. “The combined capabilities of MarkMonitor and Newfold will deliver and enhance the same great services that our customers have enjoyed and relied on for years.”
“MarkMonitor will bring a rich history of industry experience and innovative solutions, and we look forward to welcoming the team to Newfold,” said James Pade, Partner, Clearlake, and Tyler Sipprelle, Managing Director at Siris, both directors of Newfold.
MarkMonitor is currently expected to generate approximately $80 million in revenue and $35 million in EBITDA for full year 2022.
Sidley Austin is acting as legal counsel and RBC Capital Markets and JP Morgan Securities LLC are acting as financial advisors to Newfold, with BNP Paribas Securities Corp., Deutsche Bank, Mizuho and UBS Investment Bank also acting as advisors. Evercore is acting as financial advisor and Blank Rome LLP is acting as legal advisor to Clarivate.
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Clarivate™ is a global leader in solutions that accelerate the pace of innovation. Our bold mission is to help clients solve some of the world’s most complex problems by providing actionable information and insights that transform the time from new ideas to life-changing inventions in science and government, life sciences and healthcare, professional services and… Consumers shorten goods, manufacturing & technology. We help clients discover, protect and commercialize their inventions by leveraging our proven subscription and technology-based solutions coupled with deep domain expertise. Visit clarivate.com for more information.
About Newfold Digital
Newfold Digital is a leading web and commerce technology company serving nearly 7 million customers worldwide. Founded in 2021 by combining leading web service providers Endurance Web Presence and Web.com Group, our portfolio of brands includes: Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and many others. We help clients of all sizes build a digital presence that delivers results. With our extensive product offerings and personalized support, we pride ourselves on working with our customers to meet their online presence needs. Learn more about Newfold Digital at Newfold.com.
Clearlake Capital Group, LP is an investment firm founded in 2006 that operates integrated businesses in the areas of private equity, credit and other related strategies. With a sector-centric approach, the company seeks partnerships with management teams by providing patient, long-term capital to companies that can benefit from Clearlake’s operational improvement approach. OPS® The Company’s core target sectors are Technology, Industrial and Consumer. Clearlake currently has over $70 billion in assets under management and its senior investment principals have led or facilitated over 400 investments. The company is headquartered in Santa Monica, California with offices in Dallas, TX, London, UK and Dublin. For more information, visit www.clearlake.com and follow us on Twitter @Clearlake.
Siris is a leading private equity firm investing primarily in mature technology and telecommunications companies with mission-critical products and services confronted with industry shifts or other significant changes. Developing Siris’ proprietary research to identify opportunities and working extensively with its executive partners and advisors are integral to his approach. Siris Executive Partners and Advisors are experienced senior executives who actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Based in New York, Silicon Valley and West Palm Beach, Siris has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
Newfold Contact Details
Nicole Cassis, Vice President of Communications
Clarify contact details
Amy Bourke Waite, Senior Director, Corporate Communications, Clarivate
Investor Relations contact
Mark Donohue, Head of Investor Relations