There’s a new big name on the web hosting scene

Investment firm Clearlake Capital Group has announced a host of financial dealings that will have a major impact on the web hosting sector. Perhaps the most eye-catching news released by the company is the completion of its $3 billion all-cash takeover of the Endurance International Group.

Clearlake’s purchase of Endurance was originally announced in November of last year but closure had to wait until the new year. With the acquisition closed, Endurance will now be delisted from the NASDAQ stock exchange.