[registrars] Pivotal Private Equity to Acquire Network Solutions for $100m

[Paul M Kane]

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20031016005202&newsLang=en


PHOENIX--(BUSINESS WIRE)--Oct. 16, 2003--Pivotal Private Equity 
announced today that it has signed an agreement to acquire control of 
Network Solutions, the world's largest domain name registrar, for $100 
million. Herndon, Virginia-based Network Solutions provides a variety of 
Internet services, including domain name registration, e-mail services, 
Web-site hosting and creation tools, and other value-added services for 
its more than 4 million customers. Pivotal Private Equity will acquire 
the firm from VeriSign Inc., based in Mountain View, Calif., the leading 
provider of critical infrastructure services for Internet and 
telecommunications networks. The transaction is expected to close in the 
fourth quarter of 2003. VeriSign will retain a minority interest in 
Network Solutions and retain its registry business.

Best

Paul