Herndon, Virginia – (The Hosting News) – December 16, 2005 – Domain registrar and web hosting provider, Network Solutions, has entered a definitive agreement to acquire MonsterCommerce, a leading provider of comprehensive e-commerce solutions.
According to the company, the acquisition will strengthen Network Solutions’ product portfolio by adding a robust suite of e-commerce solutions that include: online marketing, web design and search engine optimization services. The deal also represents a great opportunity for each company to promote the others’ services to their collective customer base.
Champ Mitchell, Chairman and CEO of Network Solutions, commented on the acquisition, ”MonsterCommerce is an e-commerce powerhouse that has created a suite of best-in-class products, services and customer support that further enhances the Network Solutions products and services portfolio. Our goal is to leverage each company’s core competencies in order to provide customers the products, services, and support they need to get online, easily and affordably, so they can grow their business to its full potential.”
Stephanie Leffler, CEO of MonsterCommerce, added, ”The Network Solutions acquisition gives MonsterCommerce the resources needed to expand our product development efforts, as well as the ability to bring innovative product offerings to market quickly. Incorporating the MonsterCommerce suite of services into the Network Solutions storefront will fuel the growth of our company and help us to continue to be a strong leader in the e-commerce marketplace.”
MonsterCommerce headquarters will remain in Belleville, IL, and the company will continue to promote and support the MonsterCommerce brand, with the added tagline “a Network Solutions company.” The MonsterCommerce suite of e-commerce, online marketing, and web design services will be offered to new and existing Network Solutions customers. In addition, the full spectrum of Network Solutions products and services will be available to MonsterCommerce customers.
The two companies will also work together to jointly develop new services.
To learn more
about MonsterCommerce, please visit: www.monstercommerce.com.
For further information on Network Solutions, please visit: www.networksolutions.com.