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Herndon, VA – December 12, 2005 -- Network Solutions ( www.networksolutions.com ), the leading provider of Web solutions and pioneer of domain name registration, announced today it has entered a definitive agreement to acquire MonsterCommerce ( www.monstercommerce.com ), a leading provider of comprehensive e-commerce solutions. The acquisition will strengthen Network Solutions' product portfolio by adding a robust suite of e-commerce solutions that include online marketing, Web design and search engine optimization services. The deal also represents a great opportunity for each company to promote the others' services to their collective customer base.
“MonsterCommerce is an e-commerce powerhouse that has created a suite of best-in-class products, services and customer support that further enhances the Network Solutions products and services portfolio,” said Champ Mitchell, chairman and CEO of Network Solutions. “Our goal is to leverage each company's core competencies in order to provide customers the products, services, and support they need to get online, easily and affordably, so they can grow their business to its full potential.”
“The Network Solutions acquisition gives MonsterCommerce the resources needed to expand our product development efforts, as well as the ability to bring innovative product offerings to market quickly,” said Stephanie Leffler, CEO of MonsterCommerce. “Incorporating the MonsterCommerce suite of services into the Network Solutions storefront will fuel the growth of our company and help us to continue to be a strong leader in the e-commerce marketplace.”
MonsterCommerce headquarters will remain in Belleville, IL, and the company will continue to promote and support the MonsterCommerce brand, with the added tagline “a Network Solutions company.” The MonsterCommerce suite of e-commerce, online marketing and Web design services will be offered to new and existing Network Solutions customers. In addition, the full spectrum of Network Solutions products and services will be available to MonsterCommerce customers. The two companies will also work together to develop new services.
About MonsterCommerce:
Thousands of companies trust their vital e-commerce operations to MonsterCommerce. Founded in 1998, the company is an industry leader known for delivering integrated, customizable, easy-to-understand and use e-commerce storefront systems for companies of all sizes. MonsterCommerce provides its merchants with a full suite of e-commerce services designed to help businesses build and manage a successful online storefront. MonsterCommerce also provides friendly, 24/7 live technical customer service support. For additional information about MonsterCommerce visit www.monstercommerce.com .
About Network Solutions:
Network Solutions, a leading provider of Web based solutions and the pioneer of the domain name registration service, offers a full range of Web based services, including Web hosting, Web site development, online marketing, security services, e-mail and domain name registration services. Network Solutions draws on 26 years of experience to make it easy and affordable for customers to get online with tailored solutions that deliver tremendous value. Additional information about Network Solutions and its products and services, is available at www.networksolutions.com .
FOR MORE INFORMATION CONTACT:
Susan Wade, Network Solutions, 703.668.5057
swade@networksolutions.com
David Dapko, Maloney & Fox Public Relations
646-356-8310, ddapko@maloneyandfox.com |
