GoDaddy Announces Acquisition of Outright

GoDaddy, one of the largest domain name registrars, announced the acquisition of Outright, a financial management services company.

With Outright solutions, GoDaddy plans to offer its customers new opportunities, particularly for small and medium-sized businesses. Outright serves over 200,000 small and medium-sized businesses.

Outright products are compatible with PayPal, eBay, Amazon, Etsy and other payment platforms.

Experts believe the Outright acquisition will allow GoDaddy to enhance its cloud hosting offerings. The company plans to offer financial automation services alongside other business-focused services.