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Oakley Capital to Invest in cPanel; Acquisition will accelerate the next phase of product development for cPanel

//Oakley Capital to Invest in cPanel; Acquisition will accelerate the next phase of product development for cPanel

Oakley Capital to Invest in cPanel; Acquisition will accelerate the next phase of product development for cPanel

Late last year an acquisition of cPanel occurred which will change the industry going forward. What is currently a free critical piece of software for web servers around the world has now been purchased by a public trading company. The industry has been waiting to see what pricing structure the new owners would place on the software. This has been announced and we can now make plans for the future.

Twister Web Services have always tried to keep costs to our clients to an absolute minimum, but because of what’s happened, as a direct result of these changes within the industry, we can no longer afford to keep our pricing at our current levels and we will need to make a small adjustment going forward. The actual amount of which will depend on your set up.

Press Release

“On August 20th, 2018, cPanel signed an agreement to be acquired by a group led by Oakley Capital (Oakley). The group also owns Plesk and SolusVM. This transaction will enable significant investment in new product and feature innovation and will support growth in headcount in Houston, Texas, USA where cPanel will continue to be headquartered.

Established in 1997 by CEO Nick Koston, cPanel provides one of the Internet infrastructure industry’s most reliable and intuitive web hosting automation software platforms. With its rich feature set and customer first support, the fully-automated hosting platform empowers infrastructure providers and gives customers the ability to administer every facet of their website using simple point-and-click software. Based in Houston, TX, cPanel employs over 220 team members and has customers in more than 70 countries.
cPanel has developed an FAQ at https://go.cpanel.net/investmentfaq/ that it hopes answers many questions that typically arise following the announcement of a transaction.

“This investment reflects a great step forward for cPanel. Our team has developed software that contributes to the success of millions of websites operating globally and looks forward to continuing to do so with the same passion that you, our loyal customers have come to love. This investment will give Internet infrastructure providers access to a wider range of software, features and support. I am excited about what the future holds for the company and the great team at cPanel.” — Nick Koston, CEO”

2020-01-07T13:11:47+11:00