Web.com to acquire Network Solutions

Web.com plans to sell its services to Network Solutions' customers

Web.com said Wednesday that it has signed a definitive agreement to acquire privately-held domain name registrar Network Solutions, to capitalize on a shift by small and medium businesses from traditional marketing channels to online marketing.

Web.com of Jacksonville, Florida will pay Network Solutions US$405 million in cash and issue 18 million shares of Web.com common stock, in addition to refinancing existing debt of Network Solutions.

Both Web.com and Network Solutions are domain name registrars but they have other complementary businesses in web services, online marketing, and e-commerce, targeted at small and medium businesses. Web.com, for example, also sets up pages on Facebook for customers.

Even as the Internet has been a game-changing resource for consumers and large companies with the scale to tap enterprise marketing resources, there are many small business owners who could more fully leverage the growing adoption of online local search, social media and mobile devices to grow their businesses, Web.com said in a blog post.

The two companies had about 3 million paying subscribers, over 9 million domains under management, and more than 1,900 employees, at the end of June. The combined entity will compete with the likes of GoDaddy.com which claims on its website that it currently manages over 48 million domain names for more than 9 million customers worldwide.

Web.com acquired last year Register.com, a privately-held provider of domain name registration, website design and management services, with over 800,000 subscribers, also with an eye on small businesses.

The current transaction, which is subject to Web.com shareholder approval as well as customary regulatory approvals and closing conditions, is expected to be completed in the fall of 2011. At the close, General Atlantic, the majority owner of Network Solutions, and other current Network Solutions shareholders are expected to own about 37 percent of Web.com.

Join the PC World newsletter!

Error: Please check your email address.

Tags Network SolutionsInternet-based applications and servicese-commerceWeb.combusiness managementinternetMergers and acquisitions

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?