{"id":50045,"date":"2018-08-20T14:39:25","date_gmt":"2018-08-20T19:39:25","guid":{"rendered":"https:\/\/blog.cpanel.com\/?p=50045"},"modified":"2018-08-20T14:39:25","modified_gmt":"2018-08-20T19:39:25","slug":"cpanel-oakley-investment-faq","status":"publish","type":"post","link":"https:\/\/devel.www.cpanel.net\/blog\/cpeople\/cpanel-oakley-investment-faq\/","title":{"rendered":"cPanel Oakley Investment FAQ"},"content":{"rendered":"<p>Earlier today we issued a <a href=\"http:\/\/news.cpanel.com\/oakley-capital-to-invest-in-cpanel-acquisition-will-accelerate-the-next-phase-of-product-development-for-cpanel\/\">Press Release<\/a> about some very exciting news around cPanel. Below we answer some of the most common questions so far.<\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Q: What was announced?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: On August 20th, 2018, cPanel signed an agreement to be acquired by a group led by Oakley Capital (Oakley).<span class=\"Apple-converted-space\">\u00a0 <\/span>While Nick sold his interest in cPanel, he will continue to be an owner of the company that owns cPanel. cPanel will keep its business customer and support focus.\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: When will this transaction take place?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: Today we announced the signing of an agreement to acquire cPanel.<span class=\"Apple-converted-space\">\u00a0 <\/span>After signing, there are a number of steps that need to take place before the transaction is final.<span class=\"Apple-converted-space\">\u00a0 <\/span>These steps include a governmental review.<span class=\"Apple-converted-space\">\u00a0 <\/span>While the companies will seek a speedy governmental review, they cannot estimate a closing date.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: What management changes are anticipated?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: Nick will remain the CEO of cPanel following the transaction, and cPanel will remain headquartered in Houston, Texas USA.\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: Why did Nick sell his interest?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: Both Oakley and Nick have the same vision:<span class=\"Apple-converted-space\">\u00a0 <\/span>a customer-focused business that puts support first.<span class=\"Apple-converted-space\">\u00a0 <\/span>This transaction will enable significant investment in new product and feature innovation and will support growth in headcount in Houston, Texas where cPanel will continue to be headquartered.<\/span><\/p>\n<p>The transaction also gives cPanel and its employees additional visibility, experience, and resources associated with a larger company. The company will have additional access to thought leaders in the Internet infrastructure industry.<\/p>\n<p>When Nick started cPanel, his vision was to provide small companies with a way to compete with larger companies. This vision hasn\u2019t changed, indeed, there is more need than ever to provide this type of platform for small to medium sized hosting businesses to compete in a market that is more complicated than ever. This transaction gives cPanel the ability to provide more of those resources to its customers than it has in the past.<\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: Why choose Oakley?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: The companies in which Oakley has invested continue to maintain positive employee sentiment and have maintained or improved their Glassdoor<\/span><span class=\"s2\"><sup>\u00ae<\/sup><\/span><span class=\"s1\"> reviews post-investment.<span class=\"Apple-converted-space\">\u00a0 <\/span>This was an important consideration for Nick when making his decision.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: What are the benefits to customers?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: Customers will benefit from the significant investment in new product and feature innovation.<span class=\"Apple-converted-space\">\u00a0 <\/span>The cPanel platform will grow to provide an improved user experience.\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: How will this affect customers?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: There will be no immediate customer impact.<span class=\"Apple-converted-space\">\u00a0 <\/span>cPanel will continue to run as an independent business.\u00a0<\/span><\/p>\n<p><strong>Q: Does this mean my prices will increase?<\/strong><\/p>\n<p>A: While we regularly evaluate our licensing prices, our fees did not change as part of this transaction. If you have specific questions, please contact your account manager or our customer support team.<\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: Will cPanel keep its name?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: Yes.<span class=\"Apple-converted-space\">\u00a0 <\/span>We fully anticipate that cPanel will keep its name, and be managed separately until a time,\u00a0if any, when integration with other Oakley group companies is in the best interests of the companies and minimizes any impact to customers and employees.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: How will this impact cPanel\u2019s release schedule?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: We do not anticipate any changes to cPanel\u2019s release schedule as a result of this transaction.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: Are additional acquisitions anticipated?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: The companies will continue to evaluate acquisitions as opportunities present themselves.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Q: I have a question that was not answered by this FAQ?<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A: For additional inquiries, please email <a href=\"mailto:investmentquestions@cpanel.net\"><span class=\"s3\">investmentquestions@cpanel.net<\/span><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier today we issued a Press Release about some very exciting news around cPanel. Below we answer some of the most common questions so far. Q: What was announced? A: On August 20th, 2018, cPanel signed an agreement to be acquired by a group led by Oakley Capital (Oakley).\u00a0 While Nick sold his interest in [&hellip;]<\/p>\n","protected":false},"author":77,"featured_media":65005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[73],"tags":[],"class_list":["post-50045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpeople"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>cPanel Oakley Investment FAQ | cPanel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devel.www.cpanel.net\/blog\/cpeople\/cpanel-oakley-investment-faq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"cPanel Oakley Investment FAQ | cPanel\" \/>\n<meta property=\"og:description\" content=\"Earlier today we issued a Press Release about some very exciting news around cPanel. 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