Verisign Gets Out of the Registrar Biz, Keeps .com Registry

Perianwyr Stormcrow writes "Verisign shot off a message today saying that they're selling off Network Solutions to Pivotal Private Equity (a firm specializing in picking up and turning around 'under-performing' businesses.) Perhaps Sitefinder was an attempt at maximizing shareholder value for the sale."

Comments

Key point

[Lizard_King]

For those of you who don't RTFA, here is the key point from the release:
When VeriSign acquired Network Solutions in 2000, it obtained two distinct businesses:

- The customer-facing Registrar business is the world's leading provider of domain name registrations, and an industry leader in value added services such as business email, websites, hosting and other web presence services. The Registrar, which re-assumed the Network Solutions name in January of this year, constitutes the current Network Solutions business that is being sold.

- The Registry business that is the backbone of the global .com and .net domain name infrastructure currently handles over 10 billion interactions per day, remains with VeriSign as a critical component of its business. This Registry business was recently renamed VeriSign Naming and Directory Services and is a core piece of VeriSign's Internet Services Group.


Synopsis: selling customer facing biz, keeping registry infrastructure.