(The Hosting News) – Webs, Inc., a popular hosting provider that offers web design features suited for businesses was recently acquired by print company Vistaprint. The move, worth $117.5 million dollars was announced on Monday.
Acquiring Webs, Inc. allows VistaPrint to expand its company portfolio that currently includes printing services related to advertising, marketing, events, signage and more.
In a press release, Webs, Inc. CEO Haroon Mokhtarzada expressed excitement regarding the move, stating, “Our companies share a common vision for the future of micro business marketing, and bring complementary products and competencies to the table. We believe Webs will flourish as a part of Vistaprint, providing significant value to both our customers and our employees.”
Through Webs.com, Webs, Inc. provides free ad supported website plans along with monthly premium plans that range in price from $3.75 to $16.67. Along with bandwidth, web storage, and more, all plans provide a mobile website solution.
In addition to Webs.com, the company also operates two other sites including ContactMe.com, a CRM tool and Pagemodo.com, a site that assists businesses with the creation of Facebook pages.
Discussing the matter, VistaPrint CEO Robert Keane stated, “”Webs’ suite of products delivers incredible value to micro businesses, helping them to look professional online in order to grow their business.”
“Vistaprint is already successfully delivering digital marketing services to our customer base, with hundreds of thousands of active registered customers and over $50 million in digital subscription revenues last fiscal year. Webs complements this success with a business model based primarily on free products that has achieved impressive customer reach. They are serving millions of users who are exactly the types of micro businesses that Vistaprint targets,” Keane continued.
According to a press release concerning the move, Webs, Inc. maintains a customer base that is in the millions, along with more than 100 thousand users who pay for the company’s premium services.
In October, PC Magazine recognized Webs.com with its Editor’s Choice Award. For more information on the acquisition, view a press release here (webs.com).