Web.com
| File:Web.logo.gif | |
| Company type | Public (Nasdaq: WWWW) |
|---|---|
| Industry | Internet |
| Founded |  1997 |
| Headquarters | 12808 Gran Bay Parkway, West, Jacksonville, Florida |
Key people | David L. Brown, Chairman, President, and CEO |
| Products | Websites, Website design, Website hosting, Internet marketing, Lead generation, and eCommerce |
| Revenue |  $106.5 million USD (2009)[1] |
 $93 thousand USD (2009)(GAAP)[1] | |
Number of employees | 788 (2009)[2] |
| Website | 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
The Web.com Group was formed as a result of a merger between Web.com, Inc. (NASDAQ: WWWW) and Website Pros, Inc. (NASDAQ: WSPI)[3]. The combined company included management from both companies and a split Board of Directors, including the CEOs of both companies.
Web.com was originally started as Micron Electronics and sold computers mostly to government entities. Under the leadership of CEO, Joel Kocher, Micron shuttered the PC business and entered the web hosting business through a series of acquisitions. After its largest acquisition, MicronPC changed its name to Interland in 2000. [4] While the company grew to be the largest hosting company in the world, its growth stalled after the company stopped making acquisitions. Kocher was replaced by a turn-around team led by Jeffrey Stibel in 2005. [5] Stibel changed the name from Interland to Web.com .[6][7]
and quickly turned the company around and delivered record organic revenue growth and led the company to its largest subscriber count in the company’s history until it merged with Website Pros in 2007. [8] At the time of the merger with Website Pros, the company's stock closed at $7.15, which represented more than a threefold increase since new management joined in August 2005.[9]
Website Pros was founded in 1999 with funding from Insight Ventures and Norwest and went public in 2005. [10][11][12] Originally founded and run by Darron Brannon, the company grew through both acquisitions and website-building kiosks. The company stopped growing and could not reach profitability, and by 2000 Brannon was replaced by David Brown. Brown grew the company through a series of acquisitions, including Leads.com, Rennovation Experts, Submit-a-Website, eBoz, 1ShoppingCart and NetObjects Fusion. [13] [14] In 2007, Website Pros agreed to merge with Web.com and the combined company changed their name to Web.com Group in 2008.
Web.com Group sold NetObjects Fusion in early 2009 and acquired Solid Cactus in late 2009. As of 2010, the company announced its intention to buy Register.com for $135 million.
References
- ^ a b "Web.com Reports Fourth Quarter and Full Year 2009 Financial Results". Web.com Group, Inc. Retrieved 2010-02-09.
- ^ "Web.com Group, Inc. 2009 Annual Report" (PDF). Web.com Group, Inc. Retrieved 2010-03.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Website Pros Completes Transaction With Web.com". Website Pros. Retrieved October 1, 2007.
- ^ "CEO muscles Interland to success". The BizJournal. 2005-08-02. Retrieved 2007-02-05.
- ^ "Interland Names CEO, Kocher Steps Down". The WHIR. 2005-08-02. Retrieved 2007-02-05.
- ^ "Interland to Become Web.com". Ecommerce-guide.com. Jupitermedia Corporation. December 30, 2005. Retrieved 2008-07-07.
- ^ "Interland Will Change Its Name to Web.com". Netcraft. Netcraft Ltd. December 29, 2005. Retrieved 2008-07-07.
- ^ Taulli, Tom (2006-05-09). "Web.com's Extreme Makeover". Motley Fool. Retrieved 2007-02-05.
- ^ "Historical Stock Chart". Nasdaq.com. 2007-02-02. Retrieved 2007-08-01.
- ^ "Website Pros Announces Initial Public Offering of Common Stock". Website Pros. Retrieved 2007-07-25.
- ^ "IPO Company Profile for Website Pros (WSPI)". Renaissance Capital. Retrieved 2007-07-25.
- ^ "Website Pros Increases Series A Funding Round to $17 Million from Insight Venture Partners and Norwest Venture Partners". Website Pros. Retrieved 2007-07-25.
- ^ "Website Pros Acquires LEADS.com and eBoz, Inc". Website Pros. Retrieved 2007-07-26.
- ^ "Netobjects Inc • PRE 14C • For 9/30/01". Securities and Exchange Commission, Washington, D.C. Retrieved 2006-10-01.