ConstantContact Sells for $1.1Billion

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It is now official, ConstantContact is to be acquired by the behemoth of modern web hosts Endurance International for $1.1Billion, after an overwhelming majority of shareholders agreed to the deal earlier today.

The decision was reached at a special meeting of shareholders the, SEC has reported that today, January 21st the stockholders of Constant Contact, Inc. voted to ‘merge’ and that ConstantContact Shareholders were to get $32.00 in cash per share.

25,786,117 of the  32,213,542 in shares that were eligible to vote were either present or had a proxy at the meeting, meaning over 80% of the stock was represented, over 99% of those in attendance voted in favor of the sell off.

Shareholders also approved the compensation plans for executives which will see Gail Goodman, the Chairman, President, and Chief Executive Officer of ConstantContact likely to exit the business that she has built since 1999 with some $7.5million in compensation.

The SEC statement can be found here: https://www.sec.gov/Archives/edgar..

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emailexpert is published by Andrew Bonar, the founder of the company Deliverability which is incorporated in Australia, Hong Kong and the United Kingdom. Deliverability has included Dotmailer, GetResponse, outreach.io, SendLane and other ESPs as clients. Having launched his first website in 1990, he went on to become the co-founder of @POBox UK in 1993, a free email address provider, possibly the first in the world. Thereafter launching Cheapnet which became the longest running privately owned ISP in Europe before launching the first privately owned online payment gateway in the UK: Ebanx. Andrew has consulted to some of the worlds biggest senders including Amazon, Mondelez and Nestle. 2012 in his role as Global Deliverability Director at Emailvision was the first time he oversaw the delivery of more than 100 Biillion messages in a single year. Since that time he has provisioned consultancy or performed leadership roles at some of Australia's most successful tech companies. Including Campaign Monitor, Freelancer.com and Kogan. With 21+ years of industry experience, Andrew is widely recognised as a leader in the field of message sending, deliverability and compliance. He currently resides in the Harbour City of Sydney and continues to serve as an independent consultant at organisations throughout Europe, the Middle East, Asia Pacific and the US.