VeriSign to Sell Network Solutions Business

Thu Oct 16 16:16:48 UTC 2003

Does anyone know if this includes ALL of Network Solutions or just the
Registrar?  Does Verisign plan to keep the Registry or does it go along
with the Network Solutions sale?

Owen

--On Thursday, October 16, 2003 10:40 AM -0400 Mark Vallar 
<mark at vallar.net> wrote:

>
> Just got this email from Network Solutions.......
>
> Hmmmmm
>
> --mval
>
> From: Network Solutions, Inc.
> [mailto:NetworkSolutions at info1.networksolutions.com]
> Sent: Thursday, October 16, 2003 10:31 AM
> To: domreg@
> Subject: Announcement
>
>
>
> 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
>
>
>
>
>
> Please do not reply to this message. For Network Solutions customer
> service inquiries, contact us at: vip at networksolutions.com.
>
> © 2003 Network Solutions, Inc. All Rights Reserved.
>
>