Interland, a provider of websites and online services for small and medium-sized businesses, today announced that it has signed a definitive agreement to purchase various assets from Web Internet, LLC., and Web Service Company Inc. including the domain name Web.com, its trademark rights and associated intangible assets.
The deal is also expected to include approximately 9,000 web hosting accounts, and an accredited registrar, would be expected to add roughly $900K in annual hosting revenues, claims the company. The total cost of the transaction is approximately $4.4 million in cash, restricted stock and assumed liabilities. Interland expects to close the transaction before the end of the year and intends to integrate Web.com's offering and customers within Interland's infrastructure. Web.com CEO, Will Pemble, will join Interland as an Executive Vice President and will focus on building Web.com's consumer and registrar business.
"Web.com is one of th
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Interland to Purchase Web.com
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