Domain Services Firm Network Solutions Agrees to be Acquired by General Atlantic

[mandy]

Web hosting provider, domain name registration and services firm, Network Solutions, has entered into a definitive agreement to be acquired by global private equity firm, General Atlantic. The current Network Solutions management team, including Chairman and CEO, Champ Mitchell, will continue to lead the company.

Champ Mitchell, Chairman and CEO of Network Solutions remarked, ''General Atlantic brings a long-standing wealth of knowledge, global resources and expertise in the technology sector that will assist us in continuing to expand our product and service offerings to help small businesses who want to establish and grow their companies online. This new partnership should help us accelerate our current 30 percent top-line growth rate. Network Solutions is gaining a strong long-term partner with a solid track record of investing in companies and assisting with their strategic growth initiatives.”...

full press release: http://www.thehostingnews.com/news-web-h...-3029.html