Oakley Capital Spends $105 Million to Scoop Plesk from the Parallels Group

WHIR‘s tech journalist Nicole Henderson reports Oakley Capital Private Equity III has again stretched its portfolio by spending $105 million to procure the assets and activities of Plesk, essentially scooping it out from the Parallels Group.

Starting in early 2000s, Plesk, which is headquartered in Switzerland, has been offering a competent software platform for hosting online properties.
Presently, Plesk usage is widespread around the world, and operates on close to 400,000 servers and supports ten million sites and eighteen million email boxes. It also collaborates with more than 50% of the top-rated cloud service firms in the globe.

With the acquisition, Plesk plans to extend its offerings outside the normal web hosting services and dive into the speedily growing hyperscale cloud industry—delivering top-notch WordPress management solutions and other cloud management resources.
Presently, more than 20 million cloud developers in the globe are searching for quicker, steadier, and more secure IT infrastructures. While operating on its own, Plesk purposes to lift its investments in engineering technologies and provide developers with scalable, simple, and efficient cloud platforms that can be deployed anywhere, anytime.
Oakley Capital’s investment will be significant in assisting Plesk move to its next stage of development, intensify innovation, and deliver first-rated products and services to partners and clients.

Continue reading here.

Comments are closed.