Accel-KKR and ATP Private Equity Partners have made a growth equity investment in One.com. Financial terms weren’t announced. One.com is a provider of web hosting services and domain names in Europe.
Menlo Park, CA, 28 April 2015 — One.com, Europe’s leading provider of web hosting services and domain names, today announced that Accel-KKR, a technology-focused private equity firm, and ATP Private Equity Partners (“ATP PEP”), one of Europe’s largest institutional investors in private equity funds, have completed a growth equity investment in the company. This investment will support One.com’s launch into the U.S., its ongoing product innovation and the acceleration of its growth in new regions in Europe. Terms of the investment were not disclosed.
One.com has experienced steady growth over the past 12 years since it was founded in 2002. Focusing on providing a simple, flexible and user-friendly web hosting product to both entry-level and professional users, One.com has achieved significant market penetration with over 1.3 million customers supported across Europe.
Thomas Darré Medard Frederiksen, One.com’s Chief Operating Officer, said: “For the past 12 years, we have focused on the European market, where One.com is now a clear market leader across numerous regions in providing web hosting solutions to both entry-level and professional users. Our partnership with Accel-KKR and ATP PEP enables us to extend our business outside of Europe, with a focus on the U.S. web hosting market. Our new investors have deep knowledge of the web hosting industry and the One.com team is very excited about the partnership and expanding One.com in the U.S. market and globally. One.com plans to increase strategic investments in marketing, infrastructure, customer support and software development to further enhance our capabilities and our value proposition to our customers.”
One.com is launching its web hosting solutions in the U.S. market through a campaign offering new customers the ability to establish a webspace that includes 15 GB of storage, a personal domain name, website builder tool and many other features — all completely free of charge for the first 12 months. This differentiated campaign is expected to drive significant growth by One.com in the U.S. market.
Accel-KKR’s investment in One.com follows the firm’s recent investments in Stockholm-based EPiServer and Hungerford, UK-based Kerridge Commercial Systems and builds on its momentum in Europe where it has completed over 15 investments or acquisitions to date. “Since its inception, Accel-KKR has focused on finding strong mid-tier technology businesses to partner with and to grow profitably. We believe that there are many companies in Europe that fit this profile and that Accel-KKR is uniquely positioned to help them grow both in their traditional geographic markets as well as in North America,” said Tom Barnds, Managing Director at Accel-KKR.
As a part of the investment, Greg Williams, Managing Director at Accel-KKR, and Maurice Hernandez, Vice President at Accel-KKR, will join the Company’s Board of Directors. Greg Williams, Managing Director at Accel-KKR, said: “Accel-KKR is excited to partner with One.com through its next phase of growth. One.com today serves more than 1.3 million customers in Europe, enabling individuals and SMBs to create an online presence with a full suite of web hosting products. We believe One.com’s value proposition will resonate in new geographies, such as the U.S., as it has throughout Europe. Accel-KKR has significant experience in accelerating the growth of companies in the web hosting sector. As a firm, we have acquired or invested in more than 10 hosting businesses, including Endurance International Group. This experience in the hosting market will allow us to assist One.com in further creating value for customers, expanding its geographic presence and adding to its existing solution set.”
One.com is an innovative supplier of web hosting solutions and services and today is one of Europe’s leading providers of domain names and web hosting services. Since One.com was founded in Denmark by Jacob Jensen in 2002, the company has experienced constant growth and today has more than 1,300,000 customers in 236 countries. One.com has more than 250 employees. For more information about One.com and its easy-to-use web hosting solutions, please visit: www.one.com.
Accel-KKR is a technology-focused private equity firm with over $2.5 billion in assets under management. The firm invests primarily in software and IT-enabled businesses well positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle market companies and provides a broad range of capital solutions from minority growth investments to buyouts, recapitalizations, divisional carve-outs and going-private transactions.
The firm has offices in Menlo Park, Atlanta and London. For more information, please visit www.accel-kkr.com.
About ATP PEP
ATP PEP was founded in 2001 and is one of Europe’s largest institutional investors in private equity funds. Including the new fund, ATP PEP actively manages €7.7bn on behalf of ATP. ATP PEP has a stable team of 17 professionals with offices in Copenhagen, Denmark and New York City, U.S. Please visit www.atp-pep.com for further information about our investment program.