Interland Finalizes Purchase of Web.com’s Web Hosting Business
December 30, 2005 – (HOSTSEARCH.COM) – Web hosting provider Interland (http://www.interland.com) has announced it has completed the purchase of Web Internet, LLC (http://www.web.com) assets and those of Web Service Company Inc. The purchase includes ‘Web.com’, the domain name of a web hosting business with approximately 9,000 subscribers
With the acquisition, Interland has expressed its intention to change its name to Web.com, Inc. in the first half of 2006. The purpose of the name change is to align the company with web services such as 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," said 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."
Acquiring Web.com is will earn Interland approximately $75,000 in revenues from monthly web hosting accounts. The company will integrate Web.com's offerings and customers for efficiency and cost savings purposes, and Web.com CEO, Will Pemble, will join Interland as an Executive Vice President to build Web.com's consumer and registrar business.
Partners
