Yahoo seems to have definitely gotten out of the website building and web hosting game after selling its Small Business Essentials portfolio to Infinite Computer Solutions.
Named Verizon Small Business Essentials after Yahoo's parent company, the platform was created to help small businesses build an online presence by providing website building and hosting tools from a single dashboard.
The value of the deal is unknown, but he will be the third owner of the software suite.
Growth of online SMEs
With the acquisition and additional investments, Infinite Computer Solutions says it is focused on growing SMB websites.
The company says it takes a lot to turn an idea into a business and then scale to build a business, and as a result, Infinite Computer Solutions plans to use its global footprint to bring new investment into the technology stack.
"Growing our business through this strategic acquisition will unlock new opportunities, and our collective expertise will help our customers act faster and smarter," said Sanjay Govil, founder and president of Infinite Computer Solutions.
"We are creating a sustainable future by creating value faster that enhances the impact of these investments."
Infinite Computer Solutions also expects the acquisition to reinforce its "platform" DNA and strengthen its position in the field of business operations.
Infinite's Business Essentials portfolio will provide a solution for Infinite customers to start, manage and grow their business online.
“These capabilities will strengthen our digital platform proficiency, giving us an edge in digital business operations and consulting services,” said Shell Sharma, Director of Sales for Infinite Computer Solutions.
The acquired portfolio offers e-commerce, web hosting, domain registration, website building solutions, marketing promotions, and more.
The acquisition closed on June 10, 2022, but those who already use Verizon Small Business Essentials will not have to change their login credentials.
Those using web hosting email forms on custom coded pages or legacy design tools like SiteBuilder should update the URL, according to Verizon's FAQ page.