Web.com

Web.com Group, Inc. (NASDAQ: WWWW) is a leading provider of Do-It-For-Me (DIFM) and Do-It-Yourself (DIY) website-building tools, online marketing, lead generation, eCommerce, and technology solutions that enable small and medium-sized businesses to build and maintain an effective online presence. The company offers a full range of Web services, including online marketing and advertising, local search, search engine marketing, search engine optimization, email marketing, lead generation, home contractor specific leads, website design and publishing, logo and brand development, and eCommerce solutions. By offering a wide range of services, products, and consultative expertise in the online channel, Web.com is able to cater to small and medium-sized businesses anywhere along their life cycle. As of December 31, 2009, Web.com had more than 275,000 subscribers.

Company history and acquisitions

Website Pros was founded in 1997 by David L. Brown, originally as Atlantic Teleservices. From the foundation until 2004, venture capital partners invested $65 million into the company, including $10 million from Insight Venture Partners in 2003 and $7 million from Insight and Norwest Venture Partners in 2004.

In 2001, Website Pros acquired NetObjects Fusion, a Web design application, along with other applications and assets from the defunct NetObjects, Inc. License revenue from sales of NetObjects Fusion reached nearly $2.5 million in 2008.

In November 2005, Website Pros went public with an Initial Public Offering on NASDAQ (NASDAQ: WSPI), raising $68 million. With the cash infusion from the IPO, Website Pros expanded its acquisition strategy.

From 2005 to 2007, the company purchased LEADS.com, a provider of subscription based online advertising; eBoz, a provider of Web marketing; 1ShoppingCart.com, which offers an eCommerce engine; Renovation Experts, a network of contractors for house renovation; and Submitawebsite, Inc., a search engine optimization company.

As its largest deal to date, Website Pros purchased Atlanta-based Web.com on October 1, 2007 for a total of $129 million, consisting of $25 million in cash and the rest in stock. Similar to Website Pros, Web.com offered a variety of Web hosting and design services, which will continue to be marketed. As part of the merger, Web.com representatives Jeff Stibel and Alex Kazerani accomplished the board of Website Pros, and Vikas Rijsinghani served as the new Chief Technology Officer.

On June 9, 2008, Website Pros changed its name to Web.com.

In April 2009, Web.com purchased Solid Cactus, an eCommerce site builder and solutions provider.

In May 2009, Web.com sold the NetObjects Fusion product line for “approximately $4.0 million” to a group that included the former Web.com manager Steve Raubenstine, which reestablished the company NetObjects. A smaller part of the amount was transferred instantly, while $3 million remained payable from future revenue of NetObjects Fusion sales until 2013.

In June 2010, Web.com Group said it agreed to acquire privately-held domain name registration provider Register.com for $135 million.

References

  1. ^ a b “Web.com Reports Fourth Quarter and Full Year 2009 Financial Results”. Web.com Group, Inc. http://ir.web.com/releasedetail.cfm?ReleaseID=443921. Retrieved 2010-02-09. 
  2. ^ “Web.com Group, Inc. 2009 Annual Report”. Web.com Group, Inc. http://files.shareholder.com/downloads/WSPI/881865556x0x364945/9540F4CB-6B95-4783-9787-56377A4DFF5F/2009_Annual_Report.pdf. Retrieved 2010-03. 
  3. ^ “Investor News Alerts”. InvestorNewsAlerts.com. http://www.investornewsalerts.com/digital_post.html. Retrieved 2007-07-25. 
  4. ^ “Website Pros Secures $10 Million in Funding from Insight Venture Partners”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=175111. Retrieved 2007-07-25. 
  5. ^ “Website Pros Increases Series A Funding Round to $17 Million from Insight Venture Partners and Norwest Venture Partners”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=175110. Retrieved 2007-07-25. 
  6. ^ “Netobjects Inc · PRE 14C · For 9/30/01”. Securities and Exchange Commission, Washington, D.C.. http://www.secinfo.com/dsvNq.4f8q2.htm. Retrieved 2006-10-01. 
  7. ^ “”Web.com Annual Report 2009″”. Web.com. March 6, 2009. http://ir.web.com/secfiling.cfm?filingID=1144204-09-12695. Retrieved May 6, 2009. 
  8. ^ “Website Pros Announces Initial Public Offering of Common Stock”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=178484. Retrieved 2007-07-25. 
  9. ^ “IPO Company Profile for Website Pros (WSPI)”. Renaissance Capital. http://www.ipohome.com/common/ipoprofile.asp?ticker=WSPI. Retrieved 2007-07-25. 
  10. ^ “Website Pros Acquires LEADS.com and eBoz, Inc.”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=175103. Retrieved 2007-07-26. 
  11. ^ “Website Pros Acquires 1ShoppingCart.com”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=213107. Retrieved 2007-07-26. 
  12. ^ “Website Pros Acquires Renovation Experts.com”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=213109. Retrieved 2007-07-26. 
  13. ^ “Website Pros To Acquire Submitawebsite.com”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=234377. Retrieved 2007-07-26. 
  14. ^ “Website Pros Completes Transaction With Web.com”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=266631. Retrieved 2007-10-01. 
  15. ^ “Website Pros and Web.com Sign Definitive Merger Agreement”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=251134. Retrieved 2007-07-26. 
  16. ^ “Website Pros to Buy Web.com”. AP. http://biz.yahoo.com/ap/070627/website_pros_web_com.html?.v=1. Retrieved 2007-07-02. 
  17. ^ “Management Team”. Website Pros. http://www.websitepros.com/html/leadership.html. Retrieved 2008-02-16. 
  18. ^ “Website Pros Announces Intention to Change Name to Web.com”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=294927. Retrieved 2008-02-20. 
  19. ^ “Website Pros, Inc. (WWWW) Chairman and President to Ring the NASDAQ Stock Market Closing Bell”. Website Pros. http://ir.websitepros.com/releasedetail.cfm?ReleaseID=315048. Retrieved 2008-06-10. 
  20. ^ “Web.com Acquires Solid Cactus”. Web.com Group, Inc.. http://ir.web.com/releasedetail.cfm?ReleaseID=380007. Retrieved 2009-04-07. 
  21. ^ “”Web.com Quarterly Report for the quarterly period ended June 30, 2009″”. SEC. Web.com. August 5, 2009. http://ir.web.com/secfiling.cfm?filingID=1144204-09-40519. Retrieved August 14, 2009. 

External links

  • Web.com website
  • Website Pros former website
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