Domain registrar and web host Network Solutions has been acquired by Web.com. Web.com, an Internet services and online marketing solutions company aimed at small businesses, purchased Network Solutions for $405 million in cash and 18 million shares of Web.com common stock. Web.com’s closing stock price on Wednesday values the deal at over $550 million.
Web.com wants to create an “end-to-ed online solutions company” focused on providing small businesses with access to social media, online marketing and other website services.
In its press release, Web.com CEO David Brown says the integration strategy for Network Solutions “will be similar to our successful acquisition of Register.com, and we will be in a strong position to cross-sell and up-sell our services to Network Solutions’ approximately two million retail customers and hundreds of thousands of wholesale customers.”
Network Solutions was the original domain name registry for the U.S. Defense Information Systems Agency, controlling the .com, .org. and .net top-level domain names. Until ICANN was formed in 1998, Network Solutions was also the only place that users could buy a domain name.
Network Solutions isn’t the only registrar/hosting company on the acquisition block. Earlier this summer, GoDaddy, the word’s largest domain registrar, was sold to three private equity firms for $2.25 billion.
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Posted on Wed, 03 Aug 2011 23:35:34 +0000 at http://feeds.mashable.com/~r/Mashable/~3/PI89a0v_yNs/
Comments: http://mashable.com/2011/08/03/network-solutions-web-com/#comments
Web.com wants to create an “end-to-ed online solutions company” focused on providing small businesses with access to social media, online marketing and other website services.
In its press release, Web.com CEO David Brown says the integration strategy for Network Solutions “will be similar to our successful acquisition of Register.com, and we will be in a strong position to cross-sell and up-sell our services to Network Solutions’ approximately two million retail customers and hundreds of thousands of wholesale customers.”
Network Solutions was the original domain name registry for the U.S. Defense Information Systems Agency, controlling the .com, .org. and .net top-level domain names. Until ICANN was formed in 1998, Network Solutions was also the only place that users could buy a domain name.
Network Solutions isn’t the only registrar/hosting company on the acquisition block. Earlier this summer, GoDaddy, the word’s largest domain registrar, was sold to three private equity firms for $2.25 billion.
More About: domain registrar, domain registrars, network solutions, web.comFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Wed, 03 Aug 2011 23:35:34 +0000 at http://feeds.mashable.com/~r/Mashable/~3/PI89a0v_yNs/
Comments: http://mashable.com/2011/08/03/network-solutions-web-com/#comments