Here is a big news for all Hostgator customers. Hostgator is sold for $225 million USD to Endurance International Group.
According to reports, Mr. Hari Ravichandran, CEO of EIG, offerd $225 million to Hostgator CEO, Brent Oxley and he accepted. This news came out as a shock for Hostgator users and people are already discussing about the same in Webhosting forum.
Some background about Endurance International Group:
EIG is a business group, which has acquired many popular Web-hosting company and domain registrar. If you are not aware of the fact, Fatcow, iPage, Bluehost, VPSLInk and many more companies are part of this group. Since, Hostgator is one of the top Webhosting company, with this acquisition EIG will get get hold in Webhosting market.
You can learn more about EIG and list of Web hosting companies owned by them here. In the complete list of hosting companies, only Bluehost is considered as one of the top hosting, else all others are budding hosting companies. With Host gator in the list of companies they own, they already created a lot of buzz in the hosting market. You can see what others are feeling about this on Webhosting forum discussion post.
What’s in for Hostgator customers?
There is good and bad news as with great financial background of EIG, We can expect better service & support from Hostgator. As it is, they are known for their excellent customer support. Bad news is, we are not sure about the future of our sites on Hostgator. As, this acquisition of Hostgator means, moving our data center to different location, and if you are into Web hosting, you might know that there are chances of losing data (Websites) at the time of data center migration.
Now, as confirmed in an Email, Brent Oxley mentioned that this whole process will take 3-4 weeks and once Hostgator is completely sold to EIG, they will sign the lease agreement for Houston and Texas data center. And, if everything goes planned, they will be expanding the infrastructure. The only sad part is, CEO Brent will not be a part of the company once Hostgator is sold to EIG.
Well, I’m still uncertain if this is a good or bad news, as the only scary part is is data center migration, we need to be ready with all the necessary backup. I suggest you to set up daily backup of your site, as if Hostgator data center moves after the complete deal agreement is done, it may be disaster for many. Better safe than sorry. I’m using managewp to take backup on my AmazonS3 account. Also, hostgator offers cPanel backup, you can use that too.
Also, if you are renewing your hosting package or buying a new package from Hostgator, I suggest to stick to monthly bill payment until everything is done or opt for Bluehost (Discount coupon) which is one of the best alternative to hostgator for now. I will be moving my site to a VPS server in coming week, as I have read many horror stories related to data center migration. I will keep updating you about the latest news on Hostgator and EIG, you can subscribe to my Email newsletter for quick updates.