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GoDaddy Continues Acquisition Path – Acquires Ronin Invoicing
Posted By Anita Campbell On October 3, 2013 @ 5:00 am In Finance | 8 Comments
GoDaddy, the domain registrar and website hosting company, has acquired Ronin, an online invoicing application designed for small businesses, based in Mountain View, California. In a statement on its website, Ronin founder Lu Wang assures customers that nothing will change for the time being, noting, ”You can continue to access and use Ronin to track time and send invoices as you have been doing. You can expect an update by early January as to the future of the Ronin product.”
Ronin, while not quite as well known as invoicing industry leaders such as Freshbooks, has been on our radar for at least 3 years. We covered it in our list of 50 small-business invoicing apps  as early as 2010. It provides built-in time tracking, the ability to create estimates, and integration with PayPal and Authorize.net to allow clients to pay electronically.
GoDaddy is wrapping Ronin invoicing in with the features of GoDaddy Bookkeeping , a cloud product that currently goes for under $10 per month. That product is the outgrowth of GoDaddy’s acquisition of Outright , also originally of Mountain View, in 2012. Outright was designed as a bookkeeping application for small businesses and entrepreneurs who didn’t want or need all the complexity of a full-blown accounting application, but wanted something simpler and streamlined.
According to a statement by GoDaddy Senior Vice President, Business Applications Steven Aldrich (formerly the CEO of Outright before it was acquired), “One of our primary goals is to make the ‘business of business’ easy, and GoDaddy Online Bookkeeping does that by taking the headache out of knowing their numbers.”
Financial terms of the deal were not disclosed.
This is one of those acquisitions that seems a natural. It makes sense for GoDaddy, Ronin and, most importantly, small business customers.
GoDaddy is in the process of transforming the company  into a small business services platform — one that can serve the needs of small businesses beyond domain names and websites. GoDaddy has been on the acquisition trail for the past year. In addition to Ronin and Outright, it has also acquired M.dot, Locu and Afternic in the past 12 months.
In 2011 GoDaddy was 65% bought out from founder Bob Parsons by equity firms KKR Capstone, along with Silver Lake Partners and Technology Crossover Ventures.
GoDaddy is based in Scottsdale, Arizona and has 4,000 employees.
Article printed from Small Business Trends: http://smallbiztrends.com
URL to article: http://smallbiztrends.com/2013/10/godaddy-acquires-ronin-invoicing.html
URLs in this post:
 50 small-business invoicing apps: http://smallbiztrends.com/2010/01/30-online-invoicing-apps-for-small-businesses.html
 GoDaddy Bookkeeping: http://www.godaddy.com/accounting/accounting-software.aspx
 acquisition of Outright: http://smallbiztrends.com/2012/07/godaddy-acquires-financial-management-application-company-outright.html
 transforming the company: http://smallbiztrends.com/2013/05/go-daddy-executive-transformation.html