According to the Wall Street Journal, GoDaddy Group (GoDaddy.com) is putting itself up for sale. According to unnamed sources, GoDaddy Group has secured Qatalyst Partners to shop the company around. Qatalyst Parrtners is a firm run by Frank Quattrone, a veteran technology banker.
GoDaddy.com, a privately held company based in Arizona founded in 1997, is owned by Bob Parsons, an outspoken chief executive who operates BobParsons.com and has made the company known for racy SuperBowl ads and GoDaddy Girls.
Ranked number 8 on the Inc. 500 list of fastest growing privately held companies, GoDaddy has continued to grow over recent years. According to the Wall Street Journal, GoDaddy’s annual revenues for 2009 are estimated between $750-$800 million, though a recent article on DomainNameWire estimates GoDaddy’s actual 009 revenue at $610 million. Either way, with cash flow of $150 million and continued growth, it’s estimated the sale of GoDaddy could fetch more than $1 billion.
Neither GoDaddy or Qatalyst has responded to what they call “rumors”.
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