Interland, a provider of websites and online services for small and medium-sized businesses (SMBs), today announced that it has completed its asset acquisition from Web Internet, LLC (Web.com) and Web Service Company Inc. Included in the assets are the domain name Web.com, web hosting business comprised of approximately 9,000 subscribers, accredited registrar business and trademark rights. Interland paid approximately $4.8 million in cash, restricted stock and assumed liabilities.
As a result of this acquisition, Interland intends to change its corporate name to Web.com, Inc. The formal name change is expected to take place in the first half of 2006. The name change is a strategic move designed to clearly align the company with its branded line of business: offering web services (including websites, web hosting, and web marketing) for small and medium-sized businesses and consumers.
“Acquiring Web.com is an exciting step toward increasing our market penetration. Web.com is an under-utilized asset that we can unlock to reach its full potential,” stated Jeff Stibel, President and CEO, Interland. “In addition to a tremendous branding opportunity, this acquisition adds revenues, significant direct navigation traffic, and an entrance into the consumer segment of the web hosting market.”
The Web.com acquisition is anticipated to bring approximately $75K in monthly hosting revenues. The Web.com assets also generate one-time, non-recurring revenues which are not included in the recurring revenue total, such as domain registrations, domain privacy, URL forwarding and advertising and commerce revenues.
Interland intends to integrate Web.com’s offerings and customers within Interland’s infrastructure to maximize efficiencies and cost savings. Current Web.com CEO, Will Pemble, will join Interland as an Executive Vice President and will focus on building Web.com’s consumer and registrar business.
Interland has announced the acquisition of Web Internet, LLC (Web.com) and Web Service Company, Inc for $4.8 million. Included in the assets are the domain name Web.com, web hosting business, accredited registrar business and trademark rights.
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In...
Technological progress can be expressed as layers of abstraction - higher layers are built on top of lower layers treating them as abstract black boxes with known interfaces. A serverless approach represents an inflection point that entirely separates the runtime layer from the u...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks w...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO Silicon Valley 2019 will cover all of these tools, with the most comprehensive program and with 222 rockstar speakers throughout our industry presenting 22 Keynotes and General Sessions, 250 Breakout Sessions along 10 Tracks, as well as our ...
Big Switch's mission is to disrupt the status quo of networking with order of magnitude improvements in network e ciency, intelligence and agility by delivering Next-Generation Data Center Networking. We enable data center transformation and accelerate business velocity by delive...
Your registrations includes: Golden Pass Delegates will receive full conference access on October 20-22, 2008 including: Lunch and Coffee Breaks, Collectible Bag and Archives of all sessions on DVD. Includes access to all Conference Sessions including the Technical Sessions, Exhibits, Keynotes, Vendor Technology Presentations, and Power Panels.
AJAXWorld offers the undisputed best platform to position your company as a leading vendor in the fast-emerging marketplace for AJAX and Enterprise Web 2.0.
Who Should Attend?
• CTOs & VPs of Engineering
• Directors of Technology
• Sr. User Interface Architects
• Front-End Engineers
• VCs & Industry Analysts
• Directors of Business Development
• Software Engineers
• Senior Architects
• Application Programmers & Software Developers
• Project Managers
• Web Programmers & Designers
• Companies & Organizations that need to stay in front of the latest Web technology
AJAXWorld Security Bootcamp
Introducing at AJAXWorld RIA Conference 2008 West the world's first-ever full, one-day immersive "AJAX Security Bootcamp" - led by one of the world's foremost AJAX security experts and teachers, HP's Billy Hoffman.