Web.com Named to Deloitte's 2010 Technology Fast 500(TM) ListOctober 28, 2010
JACKSONVILLE, Fla., Oct. 28, 2010 (GLOBE NEWSWIRE) -- Web.com Group, Inc. (Nasdaq:WWWW) a leading provider of online marketing solutions for small businesses, has earned a place on the 2010 Technology Fast 500™ list, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009.
Web.com earned its first appearance on Deloitte's list with a 214 percent growth rate during the 2005-2009 period, resulting in the 398th ranking on the 2010 Technology Fast 500™ list. Only 45, or nine percent, of the companies on the list came from the Internet industry.
Chief Executive Officer David Brown credits Web.com's 214 percent revenue growth rate to a continued focus on providing small businesses with whatever online capabilities they need to improve their results. He said, "Through both organic growth and acquisition, and by aligning ourselves with first rate partners, we have continued to build, refine and expand our wide range of offerings needed by small businesses to succeed in today's environment."
Brown continued, "It is notable that the growth which resulted in our inclusion on the Deloitte 2010 Technology Fast 500™ list pre-dates our acquisition of Register.com this summer; the culmination of that transaction in August more than tripled our subscriber base and nearly doubled our annualized revenue projections going forward."
"Web.com and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Web.com for this impressive accomplishment."
"Web.com has proved itself to be one of the fastest growing tech companies in North America and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.Fast500.com.
Web.com Group, Inc. (Nasdaq:WWWW) is a leading provider of online marketing solutions for small businesses. Web.com meets the needs of small businesses anywhere along their lifecycle by offering a full range of online services and support, including domain name registration services, website design, logo design, search engine optimization, search engine marketing and local sales leads, home contractor specific leads, franchise and homeowner association websites, shopping cart software, eCommerce solutions and call center services. For more information on the company, please visit http://www.web.com or call 1-800-GETSITE (1-800-438-7483).
Note to Editors: Web.com is a registered trademark of Web.com Group, Inc.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
CONTACT: Web.com Susan Datz Edelman, Director, Corporate Communications (904) 680-6909 email@example.com
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