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  1. #1
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    Dreamhost acquired by Endurance

    Im happy to report that our key stakeholders flew out to Massachusetts last night, signed the paperwork, and it is DONE! DreamHost is now officially owned and soon-to-be operated by EIG.

    They bought us for 10 times our annual revenue.
    Two of our four founders will also serve on the EIG board.
    Our web panel will unfortunately not be making the journey to EIG, so I hope you guys like cPanel!
    http://blog.dreamhost.com/?p=2624

  2. #2
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    i am wondering why they are 'happy to report'.

    what makes them think that this will be a happy occasion according to their clients ? their stakeholders may have sold their company for 10 times the annual revenue, but there is nothing in this for customers.

    apart from the inevitable result that the investment group/holding that bought the company they trusted in, will eventually screw it up and will dump it when they can milk it no more for their shareholders ?

  3. #3
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    Quote Originally Posted by unity100 View Post
    i am wondering why they are 'happy to report'.

    what makes them think that this will be a happy occasion according to their clients ? their stakeholders may have sold their company for 10 times the annual revenue, but there is nothing in this for customers.

    apart from the inevitable result that the investment group/holding that bought the company they trusted in, will eventually screw it up and will dump it when they can milk it no more for their shareholders ?
    Cause they're relaxing, bro. Having some fun... you should try it!

  4. #4
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    Quote Originally Posted by IGobyTerry View Post
    Cause they're relaxing, bro. Having some fun... you should try it!
    Seriously, the stakeholders become millionaires overnight, buying a yacht, who cares about the {ex} customers anymore, they're going waterskiing!

  5. #5
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    Quote Originally Posted by IGobyTerry View Post
    Cause they're relaxing, bro. Having some fun... you should try it!
    who is relaxing ? customers ?

  6. #6
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    Keep in mind what today's date is.

  7. #7
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    From Dreamhost's blog

    I wont believe anything I read on the Internet until tomorrow.

  8. #8
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    Quote Originally Posted by IGobyTerry View Post
    Cause they're relaxing, bro. Having some fun... you should try it!
    I don't think they know what date it is
    ~ Webair Managed Cloud Servers ~ WEBAIR VSYS Virtual Hosting Platform ~ Advanced CDN Network ~ Server Genius Support ~
    ~ Custom Complex / Managed Hosting Pros ~ ICANN Accredited Registrar ~ Multiple Data Center Locations - NY, NL, CA, & Montreal ~
    ~
    ICQ: 20458616 - AIM: MODUKE96 - TWITTER - @WEBAIRINC - EMAIL: [email protected] - LIVE CHAT!

  9. #9
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  10. #10
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    april fools probably, calm down people.

  11. #11
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    OMG I saw the /b/ face!
    Something awesome
    coming soon....

  12. #12
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    maybe i'm just not cynical enough but this is starting to look less and less like a joke considering their tweets now... that, and their hilarious history of announcing news at the worst times in the most laid-back homer simpson way

  13. #13
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    10x revenue, dang!

    edit: April fools, doh!
    Dallas Colocation by Incero, 8 years and counting!
    e: sales(at)incero(dot)com 855.217.COLO (2656)
    Colocation & Enterprise Servers, SATA/SAS/SSD, secure IPMI/KVM remote control, 100% U.S.A. Based Staff
    SSAE 16, SAS70, Redundant Power & Network, Fully Diverse Fiber

  14. #14
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    I thought it was legit until I read the end. Stupid April fools.
    Jacob Wall - GetCloak.com

  15. #15
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    well the thing is that company has the right vibe for them to be a good candidate for assimilation though. They are so in line with an EIG brand.
    Something awesome
    coming soon....

  16. #16
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    this april fools may also be a testing of the waters for something of this sort.

    not so very 'jokey', a merger news is. 'oh hey we got a merger' -> so ?

    how many people do you see laughing at news of a merger ?

  17. #17
    Got me for a minute than I realized it was still April 1st, but this April fools joke might become a reality in the future so you never know.

  18. #18
    Quote Originally Posted by Steve-Hostirian View Post
    From Dreamhost's blog
    I also quote that one, classic!

  19. #19
    God what do people make up on April Fools ?
    Softaculous - Auto Installer for cPanel, Direct Admin, InterWorx, Plesk, H-Sphere
    The only Auto Installer that installs 260+ scripts. Install in just ONE STEP!
    Virtualizor - VPS Control Panel supporting OpenVZ, Xen, KVM and has 60+ OS Templates
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