Private equity firm Montefiore Investment has acquired domain name registrar Gandi.
In a heartfelt blog post, Gandi CEO Stephan Ramoin explained the origins of the company and its values. One thing that’s unique about Gandi is that is has grown mostly by word-of-mouth; the company didn’t jump into the advertising game like many registrars.
With a private equity backer, Ramoin noted that the company will now look to acquire other businesses for the first time.
Gandi has revenues of over 37 million euros and 800,000 customers. More than half of its sales come from France, where it is located, but other regions have contributed substantially since the company created overseas subsidiaries in 2012. Gandi has more than 2.5 million domains under management.
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