Web.com Group Inc.

Web.com Group Inc.

Web.com Group Inc.

Overview
Date Founded

1999

Headquarters

12808 Gran Bay Parkway West, Jacksonville, FL, 32258, USA

Type of Company

Public

Employees (Worldwide)

3,600

Industries

Advertising & Marketing
IT Consulting & Services
Internet Software & Services
Computer Software

Company Description

Web.com Group, Inc. is a leading provider of internet services and online marketing solutions that enable small businesses to establish and maintain an effective web presence, and to be found in local search. With nearly three million small business customers, we offer a full range of Web services on an affordable subscription basis, including domain name registration, website design and publishing, Internet marketing and advertising, search engine optimization, search engine marketing, eCommerce websites, social network and mobile applications, lead generation, logo design and call center services. Through a unique combination of proprietary Web publishing and management software, automated workflow processes and specialized workforce development and management techniques, we achieve production efficiencies that enable us to offer sophisticated Web services affordably and effectively to our customers. The breadth and flexibility of our Web offerings allow us to meet the needs of business anywhere along their lifecycle, from acquiring a domain name to establishing their websites to providing more sophisticated functionality or ecommerce. Headquartered in Jacksonville, Florida, Web.com has been serving the small business community since 1997 and became a public company in 2005. Through acquisition and organic means, we have grown from approximately 50,000 subscription customers in 2005 to nearly three million customers with the acquisition of Network Solutions, a leader in domain name registration, in 2011. We are proud to have been recognized on the 2012 Deloitte Fast 500 Technology list as one of the fastest growing technology companies in North America for the third year in a row

Website
Executives & Employees

Chief Executive Officer

Chief Financial Officer & Senior Vice President

Senior Vice President & Chief Technology Officer

Chief Legal Officer & Secretary

Chief People Officer & Executive Vice President

Executive Vice President, Premium Services

Executive Vice President, Web Brand Networks

Senior Vice President, Product & Design

Senior Vice President, Retail Market & Customer Experience

Senior Vice President, Domain Policy & Regulation

Board of Directors

Chief Executive Officer at Web.com Group Inc.

Independent Financial Services Professional at Pluralsight LLC

Former Interim Chief Executive Officer at The St. Joe Co.

Co-Founder at GSV Advisors LLC

Chief Executive Officer & Director at Conversant LLC

President at Jacksonville University

Former Vice Chairman & Chief Financial Officer at Wachovia Corporation

Former Head of Financial Sponsors & Senior Managing Director at Arlington Asset Investment Corp.

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Owners & Shareholders
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Starboard Value invests primarily, although not exclusively, in the securities of small-cap (generally $50 million to $1 billion) US public companies they believe are deeply undervalued by the marketplace and likely to experience a significant appreciation in value as a result of operational improvements or a change in ownership, corporate direction or management or improved corporate governance. Starboard Value is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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Polaris Capital Management (PCM) is a global and international value equity manager. The firm employs an unconstrained pure value equity selection process that is characterized as an active, all-cap (multi-cap) global investment strategy. Portfolio construction attempts to balance the capitalization ranges subject to the firm’s value discipline. When constructing portfolios, PCM seeks to achieve better than benchmark returns with lower than benchmark risk where risk is measured as the beta of inception-to-date returns relative to the benchmark of the strategy. To achieve this risk objective portfolios are constructed to diversify the portfolio in at least 15 industry groups, 15 countries and across market capitalizations. There is no restriction on country or industry weightings. Portfolios will have exposure to emerging markets with a maximum of 25% portfolio weighting. Typically, global or international portfolios hold 75 or 50 securities respectively. Portfolios are equally weighted at purchase, and may grow to approximately 5% of portfolio assets before being trimmed. Most investments are held for three to five years resulting in low portfolio turnover. In the portfolio construction process, PCM seeks to include a broad range of market-caps in the portfolio but does not attempt to override the results of the bottom-up investment process.

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Sand Grove Capital Management LLP is a British private company located in London, with operations in Cayman Islands. The firm provides investment advice. It was founded in 2014 by Simon Alfred Noel Davies, he has been the CEO since the inception date.

Recent Transactions
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Siris Capital purchases Web.com Group Inc.

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Web.com Group Inc. purchases Acquisio, Inc. from Tandem Expansion Management, Inc., XPND Fund Management LP, VCIC, Inc., Fonds de Solidarité FTQ, W Investments, Inc.

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Web.com Group Inc. purchases Donweb.com

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onSiris Capital purchases Web.com Group Inc.

Investment Advisor

Advised onSiris Capital purchases Web.com Group Inc.

Investment Advisor

Advised onWeb.com Group Inc. purchases Register.com, Inc.

Legal Advisor

Advised onWeb.com Group Inc. purchases Yodle, Inc. from Draper Fisher Jurvetson Management LLC, Bessemer Venture Partners, Millennium Technology Ventures, Icon Ventures LLC, Stratim Capital LLC

Legal Advisor

Advised onWeb.com Group Inc. purchases Yodle, Inc. from Draper Fisher Jurvetson Management LLC, Bessemer Venture Partners, Millennium Technology Ventures, Icon Ventures LLC, Stratim Capital LLC

Legal Advisor

Advised onWeb.com Group Inc. purchases Register.com, Inc.

Advisors & Consultants
Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Legal Advisor

Former Partner-in-Charge at Cooley LLP

Advisor

Professional at Qatalyst Group LP

Clients

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and domestic real estate brokerage and brokerage franchisor. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Johnston Press Plc engages in the provision of news and information services to local and regional communities through its portfolio of publications and websites. It operates through the Publishing and Contract Printing segments. The Publishing segment includes newspapers, magazines, and digital content. The Contract Printing segment manages printing presses. The company was founded in 1767 and is headquartered in Edinburgh, the United Kingdom.

RE/MAX Holdings, Inc. is an investment company, which through its subsidiaries, engages in the provision of real estate franchise services. Its brands include RE/MAX real estate brokerage services and Motto Mortgage brokerage franchises. It operates through the RE/MAX brand. The company was founded by David L. Liniger and Gail A. Liniger in June 25, 2013 and is headquartered in Denver, CO.

Key Stats and Financials As of 2017
Market Capitalization
$1.27B
Total Enterprise Value
$1.74B
Earnings Per Share
$1.06
Revenue
$749M
Net Profit
$53.6M
EBITDA
$162M
EBITDAMargin
21.58%
Total Debt
$647M
Total Equity
$275M
Enterprise Value Sales
2.32x
Enterprise Value EBITDAOperating
10.76x
TEVNet Income
32.43x
Debt TEV
0.37x
Three Year Compounded Annual Growth Rate Of Revenue
11.27%
Five Year Compounded Annual Growth Rate Of Revenue
12.95%
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Competitors
GoDaddy, Inc. IT Consulting & Services - Scottsdale, AZ

GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.

Wix.com Ltd. IT Consulting & Services - Tel Aviv, TA

Wix.com Ltd. engages in the provision of web development, design, and management solutions and applications. It provides free design templates for personal and business use, web design and layout tools, web hosting through the Wix domain, applications from the App Market, blog and social network page support, and other marketing and work flow management applications and services. The company also offers eCommerce and appointment applications, and marketing tools such as Google Analytics and mailing lists. Wix.com was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.

Endurance International Group Holdings, Inc. Computer Software - Wilmington, DE

Endurance International Group Holdings, Inc. engages in the provision of cloud-based platform solutions to help small and medium sized businesses online. It operates through the following segments: Web Presence, Domain, and Email Marketing. The Web Presence segment consists of web hosting brands such as Bluehost and HostGator; and related products such as domain names, website security, website design tools and services, and e-commerce products. The Domain segment sells domain names and domain management services to resellers and end users, and generates advertising revenue from domain name parking. The Email Marketing segment offers email marketing tools and related products from the Constant Contact brand. The company was founded by Hari K. Ravichandran on October 28, 2011 and is headquartered in Burlington, MA.