Web.com Announces Acquisition of SnapNames
JACKSONVILLE, Fla., March 3, 2014 (GLOBE NEWSWIRE) -- Web.com Group, Inc. (Nasdaq:WWWW), 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."
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.
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/.
This press release includes certain "forward-looking statements" including, without limitation, statements regarding ability to enhance existing domain related assets and provide additional services for customers and the transaction impact on 2014 financial results, that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this presentation that are not historical facts. These statements are sometimes identified by words such as "believe," "will," "expect," "opportunities," or words of similar meaning. As a result of the ultimate outcome of such risks and uncertainties, Web.com's actual results could differ materially from those anticipated in these forward-looking statements. These statements are based on Web.com's current beliefs or expectations, and there are a number of important factors that could cause the actual results or outcomes to differ materially from those indicated by these forward-looking statements, including, without limitation, risks related to the successful offering of the products and services of Web.com; and other risks that may impact Web.com's business. Other risk factors are set forth under the caption, "Risk Factors," in Web.com's Annual Report on Form 10-K for the year ended December 31, 2013, and Form 10-Q for the quarter ended September 30, 2013, as filed with the Securities and Exchange Commission, which are available on a website maintained by the Securities and Exchange Commission at www.sec.gov. Web.com expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein as a result of new information, future events or otherwise.
Note to Editors: Web.com is a registered trademark of Web.com Group, Inc.
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