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Register.com Domain & Hosting CompanyThis Article is about Register.com one of the pioneer domain registration companies. Register.com originally started as "Forman Interactive" was founded as an Internet services provider by two brothers Richard and Peter Forman in 1994. In 1999, the company officially changed its name to Register.com. On April 21, 1999, ICANN announced that Register.com was one of the first five test bed registrars for the competitive Shared Registry System. On June 2nd 1999, Register.com was the first of the test bed registrars to begin operations as a registrar of .Com domain names. Since then, Register.com has registered millions of .com names for its customers. The first .Com name registered by Register.com was SportsReporters.Com. The owners of SportsReporters.Com are still customers of register.com In the year 2000, Register.com issued an IPO and began trading on the NASDAQ under ticker symbol RCOM. By 2004 the company was managing over three million domain names and was listed by VeriSign as one of the top domain name registrars in the world In 2005 Register.com developed a strategy and dedicated itself to focusing on small business and providing online services to serve that segment of the market. However in November of the same year Register.com was acquired by Vector Capital Corporation. Much of the Register.com staff spent a significant amount of time working on the acquisition with the unfortunate result that many of the strategic initiatives underway were placed on hold while a new management team was organized by Vector Capital Management. Prior to acquisition, the company completed a significant strategic initiative and received recognition for “An Outstanding Customer Service Experience” when it became the first Online Services Industry organization to receive the J.D. Power and Associates Call Center Certification. Register.com received this recognition again in 2006, 20007, 2008 and 2009.
Larry also served as Managing Director of Wealth Management at Goldman Sachs & Co., and spent twelve years at American Express where his last position was as Senior Vice President of Interactive Enterprise Development. Larry holds a political science degree from Brown University and an MBA from Columbia Business School. The company employs about 400 people in the US, Canada and the UK. Register.com is headquartered in New York City with satellite offices in Baltimore, Maryland and London, England. Register.com’s Sales and Service center operates in Yarmouth, Nova Scotia; over 300 of Register.com’s employees are at this center. Since mid 2007 Register.com had also added an office in Halifax, Nova Scotia, Canada. Register.com's Halifax office employs almost 40 staff and is rapidly expanding.[citation needed] Register.com is one of the largest registration companies and has received positive reviews and awards for its products and customer service. The company currently has an A+ rating from the Better Business Bureau. On April 1, 2009, Register.com suffered a major DDoS attack, downing thousands of web sites. The FBI and The Department of Homeland Security were engaged to assist. Services were restored through counter-measures and minimized the disruption; some services were unavailable for 3 days. Twitter, a social networking service, was used to update customers on the status throughout the attack. in June 2010, the company entered nogotiations to be privatly sold to Web.com. Web.com has agreed to acquire Register.com for a price of $135 million, which will be financed with approximately $20 million in existing cash, proceeds from a new $110 million term loan and a $5 million seller note. |
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