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Feb. 1, 2017

JACKSONVILLE, Fla., Feb. 01, 2017 (GLOBE NEWSWIRE) -- Group, Inc. (Nasdaq:WEB), a leading provider of Internet services and online marketing solutions for small businesses, today announced that it has completed the acquisition of, a leading Latin American web hosting and domain registration company.

"The Latin American market is a strategic focus for us, and one where we have been building a presence thanks to our existing teams based in Argentina, Colombia, and Spain," said Chairman, CEO and President David Brown. "We found in a company whose employees truly understand the online marketing needs of Latin American small businesses, and we are excited to have them join the family." has granted inducement awards to 85 newly hired employees under the Group, Inc. 2017 DonWeb Inducement Award Plan.  The inducement awards consist of 25,000 options and 106,382 restricted share awards covering an aggregate of 131,382 shares of's common stock. The awards were granted effective January 31, 2017, and the options have a 10-year term and an exercise price equal to $18.95 per share, which was the closing price of's common stock on the date of grant. The option and restricted stock awards vest over the course of four years subject to the employee's continued service with on each vesting date.  For options, 50% vest on the second anniversary of the grant date and the remaining shares vest monthly thereafter.  For restricted shares, 25% vest annually on each anniversary of the grant date.

About Group, Inc. (Nasdaq:WEB) a global provider of a full range of Internet services to small businesses to help them compete and succeed online. 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; follow on Twitter @webdotcom or on Facebook at

Note to Editors: is a registered trademark of Group, Inc.


  Ira Berger
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  Brian Wright
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