Domain registrar and web services company GoDaddy has purchased mobile website builder startup M.Dot, the companies announced today.
M.Dot is a startup that quickly and easily builds a website through an iOS app. The service actually makes sense from a usability standpoint because you’re building something on a device you intend for it to be used on (mobile devices). It features a number of templates that small businesses can choose from to get a mobile version of their website up and running.
Financial terms of the deal were not disclosed, but TechCrunch is reporting that GoDaddy may have paid around $15 million in cash and stock for M.Dot. The startup, which launched in June, had less than a $1 million in funding. Founders Dominik Balogh and Pavel Serbajlo, as well as three other employees, will continue working at M.Dot via GoDaddy’s new Sunnyvale, Calif., office.
GoDaddy notes that its decision to buy the startup was based on a desire to increase the number of mobile web service available to its existing 11 million customers.