Interland (Nasdaq:INLD), a provider of website services for businesses, is purchasing various assets of web hosting firm Web Internet LLC and Web Service Company.
The $4.4 million deal, which includes assumption of debt, also includes rights to the Web.com domain.
Interland also said it expected to acquire some 9,000 web hosting accounts as part of the deal.
“Web.com is one of the leading brand names on the Internet and resonates with virtually everyone,” stated Jeff Stibel, President and CEO, Interland. “This strategic acquisition gives us a valuable marketing and positioning vehicle for our services and brings tremendous visibility and direct navigation traffic, which is expected to drive organic growth moving forward. To many individuals, the domain Web.com is synonymous with the Internet and websites.”
Interland: www.interland.com
