Reglikedomain industry desk

Takes position in Endurance International Group — Web.com owner

Takes position in Endurance International Group — Web.com owner

Investment firm accumulates a modest stake in Web.com competitor.

Photo of hundred dollar bills

Siris Capital, the private equity firm that owns Web.com, has opened a position in Endurance International Group (NASDAQ: EIGI).

The investment firm owned a 2.39% stake in Endurance as of June 29. At today’s closing price, that’s worth regarding $21 million.

Shares in EIGI have been on a roller coaster this year and represented a great investment if you got in at the bottom. Shares closed at just $1.49 on March 20 during the height of the Covid-19 stock market panic. They closed today at $6.25, a more than 4x return.

Web.com owns domain name registrars Network Solutions and Register.com. Endurance International Group is a rollup of web hosting and domain name firms, counting BlueHost, BuyDomains, and Domain.com. It also owns email marketing firm Constant Contact.

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