New York, New York – (The Hosting News) – October 31, 2005 – Register.com, Inc. has been acquired by Vector Capital
Corporation, a San Francisco-based private equity firm for $7.81 per share.
The agreement was previously announced, and Register.com stockholders have now approved the actions.
Subject to satisfaction of customary closing conditions, Register.com currently expects to complete the merger in early November 2005.
Public holders of Register.com shares will receive cash consideration of $7.81 per share in the merger. Following the merger, Register.com will be privately held and Register.com shares will no longer be listed on The Nasdaq National Market.
Register.com, Inc. is a leading provider of global domain name registration and web hosting services for businesses and consumers that wish to have a unique address and branded identity on the Internet. The company has over 2.9 million domain names under management. For further information, please visit: www.register.com.
Vector Capital is a private equity boutique specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector identifies and pursues these complex investments in both the public and private markets. Such opportunities are typically underserved by traditional buyout and venture capital firms. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers and shareholders. Among Vector’s other portfolio companies are Savi Technology, LANDesk Software, Corel Corporation and WinZip Computing. Additional information about Vector can be found at www.vectorcapital.com.