Hostway Corporation, a global leader in Web hosting and managed
services, today announced its wholly owned subsidiary, Registry Services
Corporation, will become the registry operator for the .pro top-level Internet
domain for professionals, after it acquires the core assets of RegistryPro, a
subsidiary of Register.com, Inc. (NASDAQ:RCOM).
disclosed in its quarterly earnings release the pending transaction with
Hostway, which is subject to approval by the Internet Corporation for Assigned
Names and Numbers (ICANN). ICANN approval of the transaction is anticipated in
the near term.
Registry Services Corporation intends to launch the .pro
registry in the second quarter of 2004.
“The .pro domain has terrific
potential to serve a vital group of Internet users,” said Lucas Roh, President
and CEO of Hostway. “We believe lawyers, accountants, doctors and service
professionals will be eager to use the .pro domain as a way of identifying and
differentiating their professional status. As the Internet evolves, .pro will
become a catalyst for simplified communication and help with the creation of
valuable social interaction. We’re committed to launching the .pro registry and
excited to help advance the evolution of the Internet.”
terms of the acquisition were undisclosed.
“The .pro registry is an
exciting opportunity but is not core to our businesses,” said Peter Forman,
President & CEO of Register.com. “This sale allows us to focus on our
registrar business, while retaining the ability to benefit from .pro’s success
in the future. We are eager to offer .pro names to our customers as a registrar
and I look forward to Hostway maximizing .pro’s potential.”
Services Corporation will honor all existing .pro sunrise registrations. The
.pro extension is available exclusively for professionals and has three basic
components: a domain name, cross-verification of professional and identity
information, and a digital certificate — a building block of secure
communications and transactions.
provides Web hosting and managed services to more than 300,000 customers
worldwide. Hostway helps individuals, small businesses and large enterprises
achieve more value from state-of-the-art Web-based technologies by reducing
their complexity and cost. Founded in 1998, Hostway is one of the five largest
Web hosting companies in the world with offices in the Americas (Chicago, Tampa
and Vancouver), Europe (London and Amsterdam) and Asia (Seoul and Sydney). For
more information about Hostway Corporation, please visit www.hostway.com or call