Oakley Capital’s WebPros BV group is acquiring a majority stake in cPanel, the Linux-based web hosting automation software platform.
Founded by Nick Koston in 1997, cPanel provides automation tools and GUI to help users easily manage their websites and hosting accounts. The cPanel comes with a set of rich features to enable the customers to administer all the facets of a website using easier point and click software.
The acquisition of cPanel is part of Oakley’s strategy to acquire leading internet infrastructure software businesses. It also invested significantly in its WebPros BV group to acquire Plesk and SolusVM.
“We are delighted to have the opportunity to acquire one of the most well-respected businesses in internet infrastructure software. Oakley has significant experience of investing in this sector, and we look forward to working with Nick and the team to continue cPanel’s growth,” said Peter Dubens, Managing Partner of Oakley Capital Private Equity.
The companies said that new transaction will enable significant investment in new product and feature innovation and support the growth of cPanel platform to offer an improved user experience.
“This investment reflects a great step forward for cPanel. Our team has developed software that contributes to the success of millions of websites operating globally and looks forward to continuing to do so with the same passion that our loyal customers have come to love,” said Nick Koston, CEO of cPanel, Inc.
“This investment will give internet infrastructure providers access to a wider range of software, features and support. I am excited about what the future holds for the company and the great team at cPanel.”
Oakley will invest $50 million into WebPros as a part of this transaction, which is subject to regulatory approval. cPanel has more than 220 employees, with customers in over 70 countries. The company will remain headquartered in Houston, Texas, with Nick continuing as CEO.
Image source: cPanel