I've used Network Solutions sparingly in the past because I found the domain name renewal rates to be expensive. I generally keep NameJet auction inventory at Network Solutions until the domain names are sold or come up for renewal, at which point they are transferred away. It's always been an easy process - a quick unlock and button check to request an authorization code, which was sent fairly quickly.
Well, it looks like the transfer process is now more like its sister company, Register.com, and that's not a good thing from my perspective. Both companies were acquired by Web.com in the last few years, and they likely share internal learnings and processes.
This morning, I went to transfer a domain name from Network Solutions, and I encountered a number of questions the company posed before I could get to the final request page. I was asked where the domain name is being transferred, why I am transferring it, if I bought it at auction, and whether I have other domain names at NS. That was after a couple of button clicks → Read More
Web.com put out a press release this evening announcing that the deal to acquire Network Solutions has been approved and finalized. The deal, valued at approximately $576 million ($405 million in cash and 18 million shares of Web.com common stock), was originally announced in August, and it comes on the heels of Web.com's acquisiton of Register.com in June of 2010.
This acquisition triples Web.com's customer base, and it will allow the company to offer cross-sells and up-sells to customers. In total, there are now about 3 million "subscribers." According to David Brown, chairman and chief executive officer of Web.com. "This transaction more than doubles our revenue, triples the size of our customer base, and provides the expanded scale to invest greater resources in growth and branding initiatives."
I am interested in learning more about the branding initiatives that were mentioned by Brown. Register.com and Network Solutions have built solid brand names over the last 15+ years, and they have arguably more consumer → Read More