Hot out of my Thunderbird 0.2 (shameless plug) box:
So, they're selling out to Vulture Capitalists... normally I wouldn't give a rats arse, but NetSol holds too many eggs in their basket to play "internet startup" like this. Why isn't there a governing (or government) body that needs to review this, like the FCC or FTC?
And don't you love that definition of PPE: a provider of equity for middle market corporate acquisitions - gotta love the cheeseball MBA/business LINGO. Oi vey!
-myrkat
Quote:
| Dear Valued Network Solutions® Customer, Today VeriSign, Inc. announced that it has entered into a definitive agreement to sell Network Solutions to a new entity formed by Pivotal Private Equity. Please be assured that Network Solutions continues to be committed to providing superior products and customer service to our more than 4 million customers. You have seen evidence of this commitment in the numerous enhancements we have introduced over the last 18 months. This commitment remains strong today in our 600 employees, each focused on providing you with a superior customer experience. Today's announcement will not impact the service you receive from us. Network Solutions is the industry's first and largest domain name service provider with over 8 million domain names under management. We will continue to support and enhance a full range of affordable Web related services, including domain names, Web sites, business e-mail, and more. As to the transaction itself, the buyer, Pivotal Private Equity, is a provider of equity for middle market corporate acquisitions. Pivotal focuses on companies in the telecommunications and Internet services industries, among others. The purchase agreement is subject to certain closing conditions, which we expect to be completed in the fourth quarter. To view today’s press release and to get additional information go to http://www.verisign.com/corporate/news/index.html. We remain committed to providing high quality services to meet your online needs and thank you for choosing Network Solutions. Sincerely, Network Solutions Customer Service |
And don't you love that definition of PPE: a provider of equity for middle market corporate acquisitions - gotta love the cheeseball MBA/business LINGO. Oi vey!
-myrkat
