Website Pros Signs Definitive Agreement to Acquire NetObjects, Inc.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 15, 2001
Combination of World-Class Web Design and Support Services With Award-
Winning Web Site Building Products and Services Creates Industry's
Leading Partner-Focused Small Business Web Site Services Provider
Website Pros, a leading provider of Web site design and support services, today announced that it has signed a definitive agreement to acquire substantially all of the assets of NetObjects, Inc (OTCBB:NETO), creating the industry's leading provider of Web site building, design and support services for major partners that target small businesses' customers worldwide.
The acquisition of NetObjects allows Website Pros to offer the industry's leading platforms for delivering value-added services through trusted brands- NetObjects Matrix and NetObjects Fusion to major partners worldwide. Website Pros is the leading provider of Website design and support services and has built over 40,000 Web sites for small business customers of key partners such as Dell, Office Depot, and Verizon.
Since 1995, NetObjects has pioneered Web site building with over five million Web sites built using NetObjects products and services. Over 10 million copies of NetObjects Fusion have been bundled by the industry's major brands such as Dell, Deutsche Telekom, Earthlink, Hewlett Packard, and IBM. NetObjects recently launched NetObjects Matrix, the next generation online platform for providing critical Web services to small businesses through partners.
"Website Pros has been in a unique position to evaluate Web site building platforms," said David Brown, chairman and CEO of Website Pros. "As we worked with our 26 Enterprise Partners to help them evaluate and offer technology solutions, it became clear that NetObjects had the only platform powerful enough to meet the demands of our partners and their small business customers today and well into the future."
In development for over two years, NetObjects Matrix is a next-generation platform for delivering branded small business Web Services solutions through distribution partners. Since its market launch earlier this year, leading companies such as IBM, HP, Telecom Italia, and Strato AG have selected NetObjects Matrix to help them deliver Web services programs aimed at cultivating stronger relationships with their small business customer segments.
"Website Pros is now the only company in the market that can deliver the end-to-end, technology and services solution our partners need to tap the growth of the small business Web services market," said Brown. "We can now offer Website Pro's award-winning customer care and website design solutions and the NetObjects technology platform in one seamless, integrated package that helps our partners improve customer satisfaction, loyalty, and fuel revenue growth."
The acquisition, subject to customary closing conditions, has been approved by the Board of Directors of both companies, and is expected to close by November 30, 2001. Website Pros is working to ensure a smooth transition for NetObjects Fusion and Matrix customers and partners. More information about the NetObjects transition can be found at http://www.netobjects.com/transition.
About Website Pros
Website Pros helps large companies build stronger, more profitable customer relationships with their small business customers. The company offers a comprehensive suite of web site design, customer support, and technology solutions tailored to the needs of the small business community. The company's National Design Center -- which employs more than 150 web site designers, artists, copywriters, and support personnel -- won Call Center Magazine's Call Center of the Year in 2000 for excellence in customer service and technology.
The company brings its solutions to the small business market through a network of strategic partnerships with more than 26 leading companies including Interliant, Dell, Verizon, Homestead, Alltel and others. Based in Jacksonville, Florida, Website Pros, Inc., is privately held and is funded by Norwest Venture Partners, Crosspoint Venture Partners, Pivotal Asset Management, Chase Capital Partners, Verizon, PurchasePro.com, Office Depot, Dell and others. Website Pros can be reached by calling 888/372-7586 or on the Internet at http://www.websitepros.com.
About NetObjects, Inc.
NetObjects, Inc. (OTCBB:NETO), an IBM affiliate (NYSE:IBM), is a leading provider of e-business solutions and services. NetObjects has been ranked by Softletter 100, NewMedia 500 and as one of Fortune's 25 Very Cool Companies. Its products have won more than 75 awards, including Windows Magazine's Win 100 award, InfoWorld's Analyst Choice award, CNET's Internet Excellence award, PC Magazine's Editors Choice award and Internet World's Industry Award. More information about NetObjects and its products can be found at http://www.netobjects.com/aboutus.
(c)2001 Website Pros, Inc. All rights reserved. Brands and product names may be trademarks or registered trademarks of their respective companies.