Web Development - Tuesday, February 6, 2007
General Atlantic Has Acquired Domain Name Pioneer Network Solutions
General Atlantic has acquired Network Solutions from Najafi Cos. No financial terms were disclosed for the deal. Network Solutions was founded eons ago in 1973 and has been overtaken by more aggressive firms like GoDaddy.
Network Solutions has had so many owners of late it comes with a suit case. The company had a monopoly on domain name registration which led Verisign to pay billions to but it. Najafi Companies purchased from VeriSign in November 2003 for just $100M. The deal represents the third change in ownership in less than nine years.
Read - Network Solutions changes hands (IT Pro)
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