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SnapNames Acquired By Web.com

[ 0 ] Mar. 3, 2014 | SBO Editor

SnapNames

Web.com Group, Inc., a leading provider of Internet services and online
marketing solutions for small businesses, announced today that it has
acquired SnapNames from KeyDrive S.A. SnapNames is a leader in the
daily online auction sales of domain names across all categories,
including expiring, deleting and privately-owned domain names.

“We are very pleased to bring SnapNames under the Web.com umbrella,”
said David L. Brown, chairman, chief executive officer and president of
Web.com. “This acquisition enables us to enhance our existing domain
related assets and provide additional services for customers who are
looking for specific domain name addresses. In today’s expanding domain
resale marketplace, SnapNames is a global industry leader with
experience and expertise in domain lifecycle management and auction
services.”

SnapNames

Since 2000, SnapNames has engineered a dynamic online marketplace,
where high-performing domain names are bought and sold daily. With tens
of thousands of newly expired domains flowing into SnapNames inventory
every day, SnapNames provides a broad set of choices to customers.
SnapNames has exclusive partner relationships with some of the world’s
top registrars, thereby giving its users access to a broad set of
domain names for purchase.

Web.com owns two of the world’s largest retail registrars in Network
Solutions and Register.com. With the addition of SnapNames, Web.com
will further expand its global partnership channel by leveraging
SnapNames’ extensive international network, thus helping customers find
the right domain names the first time they look. In addition, the
acquisition complements NameJet, the domain name auction platform
managed through a joint venture partnership with Web.com and Rightside.

The terms of the acquisition were not disclosed. Web.com expects this
transaction to be immaterial to 2014 financial results. Web.com will
provide updated guidance when it reports financial results for the
first quarter of 2014 and conducts its regularly scheduled conference
call.

About Web.com

Web.com Group, Inc. (Nasdaq:WWWW) provides a full range of Internet
services to small businesses to help them compete and succeed online.
Web.com meets the needs of small businesses anywhere along their
lifecycle with affordable, subscription-based solutions including
domains, hosting, website design and management, search engine
optimization, online marketing campaigns, local sales leads, social
media, mobile products and eCommerce solutions. For more information,
please visit web.com; follow Web.com on Twitter @webdotcom or on
Facebook at facebook.com/web.com. For additional online marketing
resources and small business networking, please visit
smallbusinesssummit.web.com/.

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Category: Features