Network Solutions Ownership Change Closes on Schedule

Although it had already "leaked," the news was made officially public today.

Network Solutions Ownership Change Closes on Schedule

Network Solutions, the leading provider of online solutions for small businesses, announced today that General Atlantic, a leading global private equity firm, has completed its transaction to acquire Network Solutions from Najafi Companies (formerly Pivotal Private Equity). Terms of the transaction were not disclosed.

Joining the Network Solutions Board of Directors are General Atlantic Managing Directors Mark Dzialga and Anton Levy. Additional directors will be added to the Board in the coming months. Champ Mitchell, chairman and CEO of Network Solutions, and the current Network Solutions management team will continue to lead the company.

Around the office, this was treated with the same manner as generally interesting but not overly important news. If you read the details a bit, you'll notice that General Atlantic purchased Network Solutions from another company whom I'd only heard of in passing. Both are private equity firms.

But there were several clients that posted publically and reacted as if this were more alarming and life-changing news than the purchase of by Network Solutions. I guess I didn't really understand that reaction, but it's probably a knee-jerk response after the surprise acquisition from over a year ago. Perhaps it's because they were not fully aware (like me) that Network Solutions was already owned by a different company. The attitude internally is that this will cause little noticable change for us, just business as usual.

Read the full press release at Network Solutions Ownership Change Closes on Schedule and read other important news on the Network Solutions Newsroom.