Verisign sells Network Solutions

[Anthony Ng]

FINALLY, Verisign sells Network Solutions:

Dear Valued Network Solutions® Customer,

Today VeriSign, Inc. announced that it has entered into a definitive agreement to sell Network Solutions to a new entity formed by Pivotal Private Equity.

Please be assured that Network Solutions continues to be committed to providing superior products and customer service to our more than 4 million customers. You have seen evidence of this commitment in the numerous enhancements we have introduced over the last 18 months. This commitment remains strong today in our
600 employees, each focused on providing you with a superior customer experience.

Today's announcement will not impact the service you receive from us. Network Solutions is the industry's first and largest domain name service provider with over
8 million domain names under management. We will continue to support and enhance a full range of affordable Web related services, including domain names, Web sites, business e-mail, and more.

As to the transaction itself, the buyer, Pivotal Private Equity, is a provider of equity for middle market corporate acquisitions. Pivotal focuses on companies in the telecommunications and Internet services industries, among others. The purchase agreement is subject to certain closing conditions, which we expect to be completed in the fourth quarter. To view today’s press release and to get additional information go to http://www.verisign.com/corporate/news/index.html.

We remain committed to providing high quality services to meet your online needs and thank you for choosing Network Solutions.

Sincerely,

Network Solutions Customer Service

 

[Whois-Search]

http://www.verisign.com/corporate/news/2003/pr_20031016.html

 

[izopod]

Izopod's 2003 Predictions :-D

http://www.dnforum.com/showthread.php?s=&threadid=16347&highlight=2003+predictions

 

[Spider]

1 out of 10 aint bad izopod.

 

[izopod]

Originally posted by Spider
1 out of 10 aint bad izopod.

Don't worry my 8-legged friend... 2003 isn't over with.... :evil:

 

[mcom1999]

Izopod - Damn, you are smart!!!

 

[Anthony Ng]

http://www.dnforum.com/showthread.php?s=&postid=200820#post200820

 

[mcom1999]

Nameslave - seems like you have the inside scoop on things. That post was back in April.

Any other interesting predictions you might have?

 

[.biz]

Finally, Veri Bad Sign gave up what they couldn't do.

http://www.publicfiles.com/popups/music.html

 

[cyphix]

Today's announcement will not impact the service you receive from us

Dang, & I was hoping for better service! :-(

 

[adoptabledomains]

Yes, Verisign is divesting the Network Solutions registrar and hosting business. However, Verisign is keeping the registry end of the service on .com and .net, and plans to RESTART the sitefinder service on those TLD's.

http://news.com.com/2100-1025_3-5092316.html

This sale of the registrar business only just keeps godaddy and others from complaining about using the monopoly status as a registry to enhance its registrar business. They probably just figure they can make more on the sitefinder redirects than they can selling domains at three times or more the price of other registrars.