- Important driver of Web.com's international growth strategy
- Platform for Latin American market
JACKSONVILLE, Fla., Dec. 12, 2016 (GLOBE NEWSWIRE) -- Web.com Group, Inc. (Web.com) (NASDAQ:WEB), a leading provider of Internet services and online marketing solutions for small businesses, today announced it has entered a definitive agreement to acquire Latin American-focused Donweb.com, a leading web hosting and domain registration company.
"The addition of Donweb.com to our organization will be an important next step in our international growth strategy. Latin America has a large and growing base of small-business customers who are looking for website and internet solutions and need assistance," said David L. Brown, chairman, chief executive officer and president of Web.com. "Over the last 15 years, Donweb.com CEO and Founder Guillermo Tornatore has built an impressive service-oriented business that focuses on the customer, and we look forward to Guillermo and his experienced, Argentina-based team of approximately 90 employees joining the Web.com family."
"We are pleased to enter into an agreement with Web.com. We look forward to combining our expertise and success in helping small businesses with Web.com's online marketing solutions to better serve this market," said Guillermo Tornatore, Donweb.com's chief executive officer and founder.
The transaction is expected to close by the end of the first quarter of 2017.
Web.com will discuss this transaction in conjunction with its previously announced Investor Day on Tuesday, December 13, 2016, in New York City from 8:30 - 11:00 a.m. ET. The audio and slides from the event will be webcast live in the Investor Relations section of the Company's website (http://ir.web.com) and will be accessible for a limited period after the event.
Founded in 2002, Donweb.com is a leading Latin American technology company that provides web hosting, cloud servers, dedicated servers, email marketing and domains services to small and medium-sized businesses. Donweb.com is one of the largest providers in the Latin American market and has achieved constant growth by simplifying the process of building a web presence for its customers. For more information, please visit www.donweb.com and facebook.com/donwebhosting.
Web.com Group, Inc. (Nasdaq:WEB) provides a full range of Internet services to small businesses to help them compete and succeed online. Web.com meets the needs of small businesses anywhere along their lifecycle with affordable, subscription-based solutions including domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and eCommerce solutions. For more information, please visit www.web.com; follow Web.com on Twitter @webdotcom or on Facebook at facebook.com/web.com.
The statements in this press release regarding the benefits Web.com expects as a result of the acquisition of Donweb.com, and the timing of closing of the acquisition, are "forward-looking statements" that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These statements are based on Web.com's current beliefs or expectations, and there are a number of important factors that could cause the actual results to differ materially from those indicated by these forward-looking statements including, without limitation: the risk that the integration of Donweb.com’s services with Web.com’s services will not occur as Web.com expects; the acquisition is subject to closing conditions which, if not met or waived, will cause the acquisition not to occur; and other risks that may impact Web.com's business. Other risk factors are set forth under the caption, "Risk Factors," in Web.com's Form 10-Q for the quarter ended September 30, 2016, as filed with the Securities and Exchange Commission, which is available on a website maintained by the Securities and Exchange Commission at www.sec.gov. Web.com expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein as a result of new information, future events or otherwise.
Note to Editors: Web.com is a registered trademark of Web.com Group, Inc.