Web.com Group to take over digital services provider Webcentral
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

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 tjyhjt.com and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Lab-grown, no-kill meat to be put on sale in Singapore for first time
Lab-grown, no-kill meat to be put on sale in Singapore for first time
By Akshay Kedari

Cultured, lab-grown meat, produced inside bioreactors without slaughtering any animals, has reportedly been approved to go on sale for the first time by regulatory ities in Singapore. The new development is being hailed as a momentous, landmark...

Chancellor Rishi Sunak pledges £100bn to transform UK’s infrastructure
Chancellor Rishi Sunak pledges £100bn to transform UK’s infrastructure
By Akshay Kedari

As per the statement of chancellor Rishi Sunak, Britain’s first nationwide infrastructure plan would provide a “once in a lifetime investment” of approximately £100 billion to drive the nation’s recovery from the COVID-1...

Telus Communications selects Nokia to deliver 5G services in Canada
Telus Communications selects Nokia to deliver 5G services in Canada
By Akshay Kedari

According to reliable sources, Nokia Corporation has reportedly been selected by Canada-based Telus Communications Inc. to provide 5G services in Canada. The Finnish multinational technology giant will reportedly support the Canadian mobile service o...

TBI, Oracle to jointly launch cloud-based vaccine management system
TBI, Oracle to jointly launch cloud-based vaccine management system
By Akshay Kedari

Tony Blair Institute (TBI) and Oracle have recently introduced cloud technology to Africa for effective management of public health programs in the region. As per credible sources, initially, Ghana, Sierra Leone and Rwanda will use the new Oracl...

Minerva Bunkering unveils ADP for better clarity in bunker deliveries
Minerva Bunkering unveils ADP for better clarity in bunker deliveries
By Akshay Kedari

Swiss supplier of marine fuels Minerva Bunkering has reportedly introduced an innovative solution called Advanced Delivery Platform (ADP) in a bid to increase efficiency and transparency during bunkering operations. According to reliable sources, Min...

//