DLX - HostPapa will acquire Deluxe's web hosting logo design operations

• Deluxe ( NYSE: DLX ) has sold the remainder of its web hosting and logo design businesses to HostPapa, a leading global web hosting and cloud service provider for small and medium businesses.
• The transaction is expected to close in Q1.
• This transaction follows last year’s sale of Deluxe’s Australian Hostopia business to Newfold Digital and represents a complete exit from the web hosting and logo design market.
• “As Deluxe concentrates more on our core business of payments and data, we sought a scaled business leader that could continue to grow our web hosting and logo design businesses,” said Garry Capers, President of Cloud Solutions for Deluxe. “Deluxe is extremely proud of our team and how they have enabled small businesses to reach millions of customers. This move further streamlines our portfolio and adds more focus to our growth areas of payments and data.”

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