GoDaddy finally gets an Austin office

JulienJ

Member
Acquisition will give GoDaddy a large presence in Austin.

GoDaddy will soon join the ranks of Facebook, Amazon and Google by having a large workforce in Austin.

The company announced today that it is acquiring Austin-based Main Street Hub for $125 million, plus an earnout of up to $50 million.

GoDaddy intends to continue operating the 600-person company from Austin. Main Street Hub currently has two offices in downtown Austin with plans to consolidate in a new headquarters building in 2019.

Main Street Hub provides social media management services for small businesses. Its customer base is rather small at 10,000, but the typical customer pays it $300 a month. That’s significantly higher than GoDaddy’s ARPU.

Source
 
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