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Re: VeriSign to Sell Network Solutions Business

  • From: Owen DeLong
  • Date: Thu Oct 16 12:41:44 2003


Does anyone know if this includes ALL of Network Solutions or just the
Registrar? Does Verisign plan to keep the Registry or does it go along
with the Network Solutions sale?

Owen


--On Thursday, October 16, 2003 10:40 AM -0400 Mark Vallar <mark@vallar.net> wrote:

Just got this email from Network Solutions.......

Hmmmmm

--mval

From: Network Solutions, Inc.
[mailto:NetworkSolutions@info1.networksolutions.com]
Sent: Thursday, October 16, 2003 10:31 AM
To: domreg@
Subject: Announcement



Dear Valued Network Solutions® Customer,

Today VeriSign, Inc. announced that it has entered into a definitive
agreement to sell Network Solutions to a new entity formed by Pivotal
Private Equity.

Please be assured that Network Solutions continues to be committed to
providing superior products and customer service to our more than 4
million customers. You have seen evidence of this commitment in the
numerous enhancements we have introduced over the last 18 months. This
commitment remains strong today in our
600 employees, each focused on providing you with a superior customer
experience.

Today's announcement will not impact the service you receive from us.
Network Solutions is the industry's first and largest domain name service
provider with over
8 million domain names under management.  We will continue to support and
enhance a full range of affordable Web related services, including domain
names, Web sites, business e-mail, and more.

As to the transaction itself, the buyer, Pivotal Private Equity, is a
provider of equity for middle market corporate acquisitions. Pivotal
focuses on companies in the telecommunications and Internet services
industries, among others. The purchase agreement is subject to certain
closing conditions, which we expect to be completed in the fourth
quarter. To view today's press release and to get additional information
go to
http://www.verisign.com/corporate/news/index.html.

We remain committed to providing high quality services to meet your online
needs and thank you for choosing Network Solutions.

Sincerely,

Network Solutions Customer Service





Please do not reply to this message. For Network Solutions customer
service inquiries, contact us at: vip@networksolutions.com.

© 2003 Network Solutions, Inc. All Rights Reserved.