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Faster Forward
Posted at 05:03 PM ET, 08/03/2011

Network Solutions agrees to be purchased by Web.com


Network Solutions agreed to be acquired by Web.com.The combined company would have approximately 3 million paying subscribers, over 9 million domains under management and 1,900 employees. (STOYAN NENOV/REUTERS)
Network Solutions, a Herndon, Va.- based pioneer in domain registration, has agreed to be purchased by Web.com, a fast-expanding Web services and online marketing firm.

Last year, the company acquired another domain name register provider, Register.com, for $135 million. The acquisition would put Web.com in position to create the country’s largest online marketing solutions market for small and medium businesses, the joint release said Wednesday. Web.com will pay $405 million cash, plus stock, if the acquisition is approved.

According to the release, the combined company would have approximately 3 million paying subscribers, over 9 million domains under management and 1,900 employees.

“Our combined company will have tremendous know-how and a broad portfolio of online marketing, web services, social media and mobile solutions to help small businesses grow in the increasingly connected online world.,” said Tim Kelly, CEO of Network Solutions. “For Network Solutions and Web.com, we will be positioned to capitalize on the more than $19 billion online services market for small and medium businesses in ways that neither company could do efficiently on a stand-alone basis.”

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By  |  05:03 PM ET, 08/03/2011

 
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