GoDaddy, the domain registrar and website hosting company has recently acquired California based Ronin – an online invoicing company. Although acquisition was made quietly in April, now Ronin has been fully integrated into GoDaddy’s Online Bookkeeping.
Financial terms of the deal have been left undisclosed for now.
This would be the 5th acquisition by GoDaddy within 15 months, other acquisitions under its kitty includes Outright, M.dot, Locu and Afternic.
Ronin, founded by Lu Wang, has created a user friendly invoicing product which takes the complexities out of the process for small businesses trying to get paid by their clients.
Online Bookkeeping also combines GoDaddy’s 2012 acquisition of Outright.com which helps small businesses track their income, expenses and taxes.
“Our customers love our product – but they wanted us to provide invoicing capabilities. We knew Ronin provided an unparalleled experience, so we started discussions. It soon became clear – we needed the team at Ronin to be on our team and we needed to seamlessly integrate invoicing into our product. The end result is GoDaddy Online Bookkeeping,” said, Steven Aldrich, Senior Vice President, Business Applications, GoDaddy.
Post acquisition Ronin founder Lu Wang, will be joining GoDaddy’s team. “The ease and speed of integrating with GoDaddy’s culture and technology, combined with the ability to reach 12 million customers, is a tremendous opportunity. Joining the GoDaddy team has given us the access to the resources and smart people who we’ve wanted” he said.
A blogpost by Ronin says that the customers will be able to continue to access and use Ronin to track time and send invoices. It also states that by early January there would be an update over the future of the Ronin product.
GoDaddy is one of the world’s largest domain name, web hosting and new SSL provider, focused on helping small businesses providing dozens of cloud-based services. It currently has more than 55 million domains under management, 12 million customers and around 4,000 employees. It has facilities in 9 locations including Arizona, California, Washington, D.C., Massachusetts and India.
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