Web.com Group to take over digital services provider Webcentral
By Akshay Kedari  Date: 2020-07-14

Web.com Group to take over digital services provider Webcentral

Web technology major Web.com Group has reportedly announced that it has signed an agreement for the acquisition of Webcentral Group, a leading digital services provider for small and medium enterprises in Australia. The deal is an extension of the company’s strategic step to enter New Zealand, the Australian and Southeast Asian markets following its purchase of Dreamscape Networks the previous year.

According to Sharon Rowlands, the President and CEO of Web.com Group, the acquisition of Webcentral complements the company’s continued commitment to deliver market-leading web presence solutions to its worldwide customers. She has further stated that enterprises, more often, require reliable online solutions and business partners that provide desirable outcomes catering to ever-evolving business requirements. Webcentral is a natural fit for the Web.com Group’s leading web tech services and a proven long-established partner to its clientele, added Rowlands.

As per sources, Webcentral serves around 330,000 customers via its Melbourne IT, Netregistry, and WME brands. The company offers various services comprising web hosting, domain names, and digital marketing services.

Tyler Sipprelle, the Director of Web.com Group, has stated that the company is eager to welcome Webcentral to the Web.com Group. He has further stated that Web.com Group believes that it has much to provide for business establishments seeking strategic partner with online presence to support their further stage of profitable growth.

According to the CEO of Dreamscape Networks, Mark Evans, collaborating with Webcentral demonstrates the company’s dedication to strategic expansion in the region. He has further stated that through the combined resources and brands of the three groups, Web.com Group will bring more innovative and robust online solutions, and an all-inclusive product portfolio to the Australian market.

The deal is expected to be officially closed in late 2020 subject to regulatory approval and the satisfaction of the stakeholders. For the acquisition, Web.com Group has appointed Gilbert + Tobin as its legal advisor, while Webcentral has chosen Herbert Smith Freehills as its legal advisor, and Macquarie Capital as its financial advisor.

 

Source Credits:

https://www.web.com/about-us/press-releases/-web-com-group-to-acquire-webcentral-group.html

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

RADCOM introduces automated assurance solution for 5G technology
RADCOM introduces automated assurance solution for 5G technology
By Akshay Kedari

5G technology has been in the headlines for quite a while. Next-generation technology has the potential to transform almost every sector across the world. However, as 5G becomes reality, it has become imperative for service providers to prevent degra...

Sprout to expand wellness solutions lineup by acquiring Vivametrica
Sprout to expand wellness solutions lineup by acquiring Vivametrica
By Akshay Kedari

Sprout, a Canadian company that focuses on delivering innovative solutions for workplace wellbeing, has recently announced the acquisition of predictive health data analytics firm, Vivametrica. According to reliable sources, Sprout plans to enhance t...

Uber halts decision to shift APAC headquarters from Singapore
Uber halts decision to shift APAC headquarters from Singapore
By Akshay Kedari

Uber Technologies Inc., the American ride-hailing giant, has reportedly halted the company’s decision to relocate its Asia Pacific headquarters from Singapore to Hong Kong until December 2022. Sources cite that the company’s decision was...

PCI Pharma extends global clinical supply-chain services in Europe
PCI Pharma extends global clinical supply-chain services in Europe
By Akshay Kedari

U.S. based biopharmaceutical and pharma outsourcing services company, PCI Pharma services has reportedly announced that it reached a noteworthy milestone through the development of COE (Clinical Center of Excellence) in Berlin. According to credible...

Dassault to use Proxem’s AI solution to advance 3DEXPERIENCE platform
Dassault to use Proxem’s AI solution to advance 3DEXPERIENCE platform
By Akshay Kedari

French software company, Dassault Systèmes has recently revealed plans to enhance its 3DEXPERIENCE platform’s collaborative data science abilities, allowing customers to take advantage of their data patrimony by taking part in new v...