Founded | January 1979 |
---|---|
Headquarters | Herndon, Virginia, U.S. |
President | David Brown |
CEO | David Brown |
Industry | domain name registration |
Services | domain names, Web hosting, Web site design, e-commerce, search engine marketing, SSL Certificates, e-mail and domain name registration services |
Employees | 2,200 |
Parent | Web.com |
Website | www |
Alexa rank | 4,477 (As of August 2015[update]) |
Network Solutions, LLC is an American-based technology company founded in 1979. The domain name registration business has become the most important division of the company. By January 2009, Network Solutions managed more than 6.6 million domain names. In addition to being a domain name registrar, Network Solutions provides web services such as web hosting, website design and online marketing, including search engine optimization and pay per click management.
Network Solutions Inc.(NSI) started as a technology consulting company incorporated by Gary Desler, Ty Grigsby, Emmit J. McHenry, and Ed Peters in Washington D.C. in January 1979. In its first few years, the company focused on systems programming services, primarily in the IBM environment. Annual revenues passed $1 million in 1982, growing to $18.5 million in 1986.
John Dillon reported in MediaFilter.org: "Initially, the service was subsidized by the government. 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. In September 1995, NSI instituted the fee system. A few months earlier, it had been bought out by Science Applications International Corp (SAIC)."
Network Solutions was acquired by Science Applications International Corporation (SAIC) in March 1995.
The company issued an IPO, and was listed on NASDAQ in 1997.
In 2000, Network Solutions was acquired by VeriSign, Inc. for $21 billion.
In 2003 nearly 90% of the company's revenue was from domain-name registrations, said Network Solutions then-Chief Executive W.G. Champ Mitchell. Since 2005, the company has added 69 services and products and today these new offerings are fueling Network Solutions' growth. Now only 45% of the company's revenue comes from domain-name registrations.
On October 17, 2003, VeriSign announced the sale of the registrar business, which continued to operate under the branding Network Solutions, to Pivotal Equity Group. (VeriSign still retains the registry business which had been originally created within Network Solutions prior to VeriSign's acquisition of the company.)
During January, 2006, Network Solutions acquired the company MonsterCommerce, co-founded by Stephanie Leffler and Ryan Noble in Belleville, Illinois.