Network Solutions: Difference between revisions
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{{Organization| | {{Organization| | ||
|city = | |city = Herndon | ||
|country = USA | |country = USA | ||
|date_founded = 1979 | |date_founded = 1979 | ||
|facebook = | |facebook = | ||
|focus = Internet, Domain name registration | |focus = Internet, Domain name registration | ||
|founders = [[Emmit McHenry]]<br/>[[Faisal Shah]] | |founders = [[Emmit McHenry]]<br/>[[Faisal Shah]] | ||
|linkedin = | |linkedin = | ||
|logo = Network_Solutions_Logo.png | |logo = Network_Solutions_Logo.png | ||
|organization_type = Privately Held | |organization_type = Privately Held | ||
|ownership = | |ownership = | ||
|subsidiaries = | |subsidiaries = | ||
|website = http://networksolutions.com | |website = http://networksolutions.com | ||
|x = NetSolCares | |x = NetSolCares | ||
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The company was founded in 1979 by [[Emmit McHenry]], an entrepreneur from Arkansas; it began as a tech consultancy focusing mainly on applications development.<ref>[http://about-networksolutions.com/corporate-history.php About-NetworkSoultions]</ref> | The company was founded in 1979 by [[Emmit McHenry]], an entrepreneur from Arkansas; it began as a tech consultancy focusing mainly on applications development.<ref>[http://about-networksolutions.com/corporate-history.php About-NetworkSoultions]</ref> | ||
In 1991, Network Solutions was awarded the contract to operate the domain name registry on behalf of the US [[Defense Information Systems Agency]]. The company's mandate was to register domain names in the [[.com]], [[.org]], [[.mil]], [[.gov]], [[.edu]] and [[.net]], and this service was free of cost to customers. | In 1991, Network Solutions was awarded the contract to operate the domain name registry on behalf of the US [[Defense Information Systems Agency]]. The company's mandate was to register domain names in the [[.com]], [[.org]], [[.mil]], [[.gov]], [[.edu]] and [[.net]], and this service was free of cost to customers. | ||
In 1993, the company was the sole bidder for the contract for operating domain registry service for .com, .net and .org domains, from the [[NSF|National Science Foundation]], the first company to do so.<ref>[http://about.networksolutions.com/site/small-business-solutions/ Network Solutions Site, small business solutions]</ref> At that time, the functions of [[registry]] and [[registrar]] were both performed exclusively by Network Solutions. The company would hold the position of the sole domain registrar in the world for these three registries for the six years, until 1999. The company was also given the contract of maintaining the central [[Whois]] database of assigned names. | In 1993, the company was the sole bidder for the contract for operating domain registry service for .com, .net and .org domains, from the [[NSF|National Science Foundation]], the first company to do so.<ref>[http://about.networksolutions.com/site/small-business-solutions/ Network Solutions Site, small business solutions]</ref> At that time, the functions of [[registry]] and [[registrar]] were both performed exclusively by Network Solutions. The company would hold the position of the sole domain registrar in the world for these three registries for the six years, until 1999. The company was also given the contract of maintaining the central [[Whois]] database of assigned names. | ||
The company was acquired in 1995 by the [[SAIC|Science Applications International Corporation]]. Two years later, in 1997, Network Solutions was listed on the NASDAQ stock exchange under the ticker symbol "NSOL". Its initial public offering raised $67 million USD. | The company was acquired in 1995 by the [[SAIC|Science Applications International Corporation]]. Two years later, in 1997, Network Solutions was listed on the NASDAQ stock exchange under the ticker symbol "NSOL". Its initial public offering raised $67 million USD. | ||
The control of Network Solutions changed hands in 2000, when [[Verisign]] acquired the majority share holding at a price of USD 20 billion.<ref>[http://news.cnet.com/2100-1023-237656.html Cnet]</ref> [[Verisign]] resold the company in 2003 to the Najafi Companies, while retaining the .com domain registry business for itself. Network Solution's business changed from being a registry to becoming a domain registrar. Under the new management, Network Solutions launched an inorganic growth strategy by first acquiring InQuent Technologies in Toronto (Canada) in 2004, followed by acquiring MonsterCommerce in 2005. The company's ownership changed hands once again in 2007 when General Atlantic, a private equity firm, bought into the company. | The control of Network Solutions changed hands in 2000, when [[Verisign]] acquired the majority share holding at a price of USD 20 billion.<ref>[http://news.cnet.com/2100-1023-237656.html Cnet]</ref> [[Verisign]] resold the company in 2003 to the Najafi Companies, while retaining the .com domain registry business for itself. Network Solution's business changed from being a registry to becoming a domain registrar. Under the new management, Network Solutions launched an inorganic growth strategy by first acquiring InQuent Technologies in Toronto (Canada) in 2004, followed by acquiring MonsterCommerce in 2005. The company's ownership changed hands once again in 2007 when General Atlantic, a private equity firm, bought into the company. | ||
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[[Category: Registrars]] | [[Category: Registrars]] | ||
[[Category:Past Sponsors]] | [[Category:Past Sponsors]] | ||