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Interland (INLD) Will Change Name to Web.com

Posted on December 28, 2005

Well, I´m not an insider at Interland (INLD), but I predicted a little while ago that Interland (INLD) would change its name to Web.com, following the close of the Web.com acquistion. Today Interland (INLD) confirmed that it will change its corporate name in 2006 to Web.com.

Here are the relevant quotes from the press release:

“As a result of this acquisition, Interland intends to change
its corporate name to Web.com, Inc. The formal name change
is expected to take place in the first half of 2006. The
name change is a strategic move designed to clearly align
the company with its branded line of business: offering
web services (including websites, web hosting, and web marketing)
for small and medium-sized businesses and consumers.”

“Acquiring Web.com is an exciting step toward increasing
our market penetration. Web.com is an under-utilized asset
that we can unlock to reach its full potential,'’ stated
Jeff Stibel, President and CEO, Interland. “In addition
to a tremendous branding opportunity, this acquisition adds
revenues, significant direct navigation traffic, and an
entrance into the consumer segment of the web hosting market.'’

Bottom-line: I´m still very bullish on Interland. Management continues to execute and the name change is a very smart move both as a business and Wall Street marketing tool.

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