Interesting business case.. and, a good reminder of how not to rely on legal ideas when dealing with governments as these always have more resources and legal power. .. especially on their turf.. there is a saying that the government will always have 1 more bullet than you.
.. how big does a company need to become to forget this simple truth?
.. I am looking into the company behind this = Vercara.. it has been acquired by DigiCert. The acquisition was announced on August 14, 2024, and completed on September 23, 2024. Vercara had previously been owned by Golden Gate Capital and GIC before DigiCert's acquisition.
games of big boys and girls
all I could find in "why Vercara wasn't included in the 2020 sale?" was that it wasn't included in the 2020 sale of Neustar to GoDaddy primarily because it was retained as a separate entity focused on DNS security and related services (sounds like a press release text hiding the real reasons). When Neustar sold its domain name registry business, which included the management of the .co top-level domain, Vercara remained under the ownership of Golden Gate Capital and GIC.
Golden Gate and GIC (probably need to start with the 2nd):
* GIC, or GIC Private Limited, is a global investment firm established in 1981 to manage Singapore's foreign reserves. It is one of the largest sovereign wealth funds in the world and focuses on securing Singapore’s financial future through long-term investments across various asset classes
* Golden Gate Capital is a private equity investment firm based in San Francisco, California. Founded in 2000, it manages approximately $20 billion
.. good business lesson.. it seems that in 2020 GoDaddy made a correct decision.
It seems that DigiCert bought this company with the primary goal to help them reaching their goal of $1 billion in annual recurring revenue.. and, of course, expensive legal cases, doesn't help reaching goals like these.. now it makes sense.. The acquisition is over and the legal case as well.
