Business Services Industry
Website Pros Signs Definitive Agreement to Acquire Web Services Division of Innuity, Inc.; Combined Entity Takes Clear Lead in Small Business Web Services Market
Business Wire, Jan 30, 2002
Business Editors/Technology Writers
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jan. 30, 2002
Website Pros, Inc., (http://www.websitepros.com) announced today that the company has signed a definitive agreement to acquire the Web Services division of Minneapolis-based Innuity, Inc. (http://www.innuity.com). Terms of the deal were not disclosed.
Combining the entities creates the world's largest provider of technology, support, and outsourced customer relationship management services for the small business Web Services market. According to research firm IDC, small businesses will spend more than $85 billion annually on e-business services by 2003, and their rate of spending is ramping at 75 percent per year.
Website Pros provides small business Web Services to more than thirty partners, including IBM, Dell, HP, Verizon, Yahoo!, and Office Depot. The company will now be able to offer Innuity's highly effective customer acquisition services in addition to outsourced small business website building, promotion, and customer relationship management services. The company boasts the industry's most comprehensive Web Services offering designed exclusively to help large companies build stronger, more profitable relationships with their small business customers.
"There's nothing more valuable than helping our partners grow their subscriber bases quickly," said David Brown, President & CEO of Website Pros, Inc. "Innuity has long been the leader in the customer acquisition space, and we're pleased to offer Innuity's expertise to our partners."
Innuity, Inc. provides specialized customer acquisition services on an outsourced basis to companies such as IBM, Interland, Yahoo! and Switchboard. Innuity has helped these companies and others grow their Web Services subscription revenues - while helping more than 250,000 small businesses build a professional-quality presence on the web.
The acquisition follows a December 2001 transaction in which Website Pros purchased NetObjects, Inc. Building on the company's momentum, Website Pros now offers the industry's broadest suite of small business technology and services, including:
-- The NetObjects Platform - the leading technology for delivering private-label Web Services programs around the globe; -- The world's largest "Do It For Me" web site design service - Website Pros and Innuity have helped nearly 300,000 businesses develop their online presence; -- Complete private-label customer acquisition, retention and support services - Serving more than 30 blue-chip companies delivering Web Services programs to their small business customers, including IBM, HP, Dell, Yahoo!, Verizon and others.
"We think this is an unbeatable combination," said John Dennis, Chairman and CEO of Innuity, Inc. "Nobody can match this company's breadth of capability, and we look forward to bringing even greater value to our partners and those of Website Pros."
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 is also the leading provider of both client-based and server-based web site design tools and platforms through its recent acquisition of NetObjects Fusion and NetObjects Matrix product lines.
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, and Dell. Website Pros can be reached by calling 1-800-GET-SITE. Its web site is located at http://www.websitepros.com.
About Innuity
Innuity, Inc. (http://www.Innuity.com), based in Minneapolis, Minnesota, is a single source provider of e-commerce services to small businesses and channel partners seeking to Web-enable their customer bases. Innuity helps businesses e-volve from any point in their e-business lifecycle employing a modular approach unique to Web enablement. The company offers a proprietary suite of Web site design, promotion and e-commerce services, helping traditional businesses maximize revenues.
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