Web host and domain name provider Web.com
is to acquire Australian host Dreamscape Networks Limited (Dreamscape Networks). Web.com, which has headquarters in Jacksonville, Florida, United States, was established in 1997. A division of Web.com Group, Inc., the company provides a range of services with a specific focus on small businesses. Its services include small business website hosting options, WordPress hosting plans, website design, Search Engine Optimization (SEO) services, online marketing and sales, and social media solutions. It also offers ecommerce websites and ecommerce services. Web.com’s acquisition of Dreamscape Networks will reportedly cost in the region of $105 million.
Dreamscape Networks has a global presence. Alongside Australia, it has offices and facilities in Singapore (where it has headquarters), the Philippines, UAE, and Ukraine. Established in 2013, the company caters to a customer base that numbers “in the millions” and offers “simple, innovative and affordable online products and services that change lives”. A “major market player in Australia and the fast-growing Asia Pacific region”, Dreamscape Networks is listed on the Australian Stock Exchange (ASX). Its products and services include hosting, search engine marketing services, domain name registration, email marketing, and other services designed to help small businesses. Dreamscape's Board of Directors has recommended that the company’s shareholders “vote in favor of the acquisition”. The company’s 600 employees will be fully absorbed by Web.com.
“Web.com looks forward to welcoming Dreamscape Networks to its family of leading brands that focus on helping businesses build an online presence that delivers results,” explained the CEO and President of Web.com, Sharon Rowlands. “Dreamscape provides a highly complementary set of offerings and, as a market leader, extends the Web.com global footprint across Australia, New Zealand and the high growth digital economies of Southeast Asia.”
“Dreamscape shares Web.com’s commitment to serving customers with a comprehensive online presence product portfolio and the highest level of customer service,” added Dreamscape Networks’ CEO and Managing Director Mark Evans. “With this acquisition, we now have the support and backing of an international strategic partner that will allow us to continue our leadership status in Australia and Singapore and accelerate our growth strategy into South East Asia, the fastest-growing internet space in the world.”Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.