Troutman Pepper counseled Deluxe Corporation (NYSE: DLX), a payments and data company, in the sale of its web hosting and logo design businesses to HostPapa, a leading global web hosting and cloud service provider for small and medium businesses. Read a company press release about the transaction.
This transaction represents Deluxe’s exit from the web hosting and logo design market as it continues to focus on its future as a payments and data company. The company’s powerful scale supports millions of small businesses, thousands of vital financial institutions, and hundreds of the world’s largest consumer brands, while processing approximately $3 trillion in annual payment volume.
The team advising Deluxe Corporation was led by Steven Khadavi and Wallace Bao, and included Brielle Landis, Daniel Anziska, Brandon Woods, and Hazen Dempster.