Since 2005, the company has added 69 services and products and today these new offerings are fueling Network Solutions' growth. In 2003 nearly 90% of the company's revenue was from domain-name registrations, said Network Solutions then-Chief Executive W.G. Although terms of the deal were not released, the Wall Street Journal reported in a story on that the price tag was "around $800 million." On February 6, 2007, Network Solutions announced that General Atlantic, a private equity firm, entered into a definitive agreement to acquire Network Solutions from Najafi Companies (formerly Pivotal Private Equity). Roy continues to act as Chairman and advisor to Network Solutions. On November 2, 2009, Tim Kelly, President of Network Solutions replaced Roy Dunbar as CEO. The Belleville office continues to build and support the MonsterCommerce e-commerce platform offered by Network Solutions. Network Solutions grew the 130 person ecommerce company to 250 team members within 6 months of the acquisition. (VeriSign still retains the registry business which had been originally created within Network Solutions prior to VeriSign's acquisition of the company.)ĭuring January, 2006, Network Solutions acquired e-commerce solutions company MonsterCommerce co-founded by Stephanie Leffler and Ryan Noble in Belleville, Illinois.
In 2003, VeriSign sold the registrar business, which continued to operate under the branding Network Solutions, to Pivotal Equity Group. In 2000, Network Solutions was acquired by VeriSign, Inc. A few months earlier, it had been bought out by Science Applications International Corp (SAIC)." In September 1995, NSI instituted the fee system.
But, in May 1993, the National Science Foundation privatized the name registry (InterNIC - Internet Network Information Center) and paid NSI $5.9 million to administer it. John Dillon reports in, "Initially, the service was subsidized by the government. Network Solutions was acquired by Science Applications International Corporation (SAIC) in March 1995, and listed on NASDAQ in 1997. Annual revenues passed $1 million in 1982, growing to $18.5 million in 1986. In its first few years, the company focused on systems programming services, primarily in the IBM environment. McHenry, and Ed Peters in Washington D.C. Network Solutions started as a technology consulting company incorporated by Gary Desler, Ty Grigsby, Emmit J.
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