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

Innovaccer unveils AI-enabled patient relationship management solution
Innovaccer unveils AI-enabled patient relationship management solution
By Akshay Kedari

Innovaccer, Inc., a healthcare company, has recently launched an AI (artificial intelligence) enabled patient relationship management solution. The new solution will streamline communication between the care teams and patients. In addition, the solu...

Geely Tech to rollout a smart battery swapping network across Jinan
Geely Tech to rollout a smart battery swapping network across Jinan
By Akshay Kedari

Geely Technology Group, a Chinese automobile manufacturer, and the Municipal Government of Jinan, China, have reportedly signed an all-round strategic cooperation deal to jointly develop a network of smart battery swapping service stations across Jin...

CStone Pharmaceuticals, Pfizer finalize a $200 million share sale deal
CStone Pharmaceuticals, Pfizer finalize a $200 million share sale deal
By Akshay Kedari

Chinese biotechnology company, CStone Pharmaceuticals has recently announced that it has completed the Share Subscription Agreement with Pfizer Inc. for its newly issued shares worth US$200 million. The move furthers the biotech’s multifaceted ...

Researchers bag $6Mn grant to study the link between Parkinson’s & aging
Researchers bag $6Mn grant to study the link between Parkinson’s & aging
By Akshay Kedari

A three-year grant worth $6 million, funded by the Michael J. Fox Foundation, was recently awarded to a collaborative research team from Michigan’s Van Andel Institute (VAI) and the University of Minnesota Medical School. The grant was given th...

EY announces availability of OpsChain Network Procurement solution
EY announces availability of OpsChain Network Procurement solution
By Akshay Kedari

Ernst & Young (EY), a global professional services network, has recently announced the availability of a first-of-its-kind OpsChain Network Procurement solution. The solution has been built on the company’s OpsChain platform. It will enabl...