Outright, a company that streamlines the process of running a small business, announced yesterday it has been acquired by Arizona-based Go Daddy.

The acquisition will help Go Daddy extend its reach into a larger range of services and use Outright’s Mountain View office as a hub for its Silicon Valley presence. Go Daddy’s reach of over 7.5 million small businesses will give Outright the opportunity to expand its user base of 200,000.

On its blog, Outright makes it clear that its service will remain the same for the end-user.

The terms of the deal were not disclosed.

To learn more about Outright, watch its FinovateFall 2010 demo.