Media Temple Acquired By GoDaddy

Los Angeles-based hosting provider Media Temple has been acquired by GoDaddy, the two companies announced Tuesday. Financial terms of the acquisition were not disclosed. Media Temple was founded in 1998 by Demian Sellfors, and is currently headed by Russell P. Reeder. According to GoDaddy, the two companies will continue to operate independently. Media Temple's customers include Sony, Nordstrom, The Wall Street Journal, Starbucks, IBM, Volkswagen, and many others. The company had 225 people in its Los Angeles office. GoDaddy said it will continue to operate out of Media Temple's Los Angeles office, where it is "business as usual".