Web.com Announces Agreement to Acquire Dreamscape Networks (DN8 ASX)

About Dreamscape-Crazy Domains, Vodien & Sitebeat.com

Dreamscape Networks Limited is one of the leading solution providers in Australia and Singapore with industry-leading brands Crazy Domains, Vodien, and Sitebeat.com. The Dreamscape Group, a dedicated website builder and digital commerce platform, has approximately 2 million members. It provides simple, innovative, and affordable online solutions that help businesses and independents to build, maintain, and grow their online presence. Dreamscape’s solutions are user-friendly and affordable across all platforms, embracing great designs and all backed by its focus, passion, and reputation for providing the best premium in the service world. Learn more about the company on its official website. www.dreamscapenetworks.com

How Dreamscape is growing and expanding?

• Dreamscape is gaining customer acquisition by targeting the market within its existing markets.
• Constant international expansion into high growth markets.
• Acquiring businesses and products.
• Developing the in-house sales team for up-selling, cross-selling, and new product marketing.
• Increasing retention by providing customer care services and word of mouth referrals.
• Increasing development of new and refreshed products

Core values, people ad culture

Genuine, relentless, passion, skill, and fun are the five core values of Dreamscape Networks that represent the company’s principles and beliefs. This will be strengthened in the future for the business through continuous staff training (including staff wellbeing) and investment in staff facilities. The company employs dedicated IT professionals globally in technical support, customer care, sales, product development, and system and networking technology.

The company offers a unique culture with a social prominence to keep staff happy and motivated with a drive towards a five-star work environment.

What do you need to know about Dreamscape’s experienced management team?

Building successful teams and multi-million dollar companies is the main focus of Dreamscape Group’s management. Moreover, the company has a long-term experience in the Information technology space, majorly the domain name and hosting industry. Due to the Dreamscape management team’s experience in sales and management, the company is positioned amongst the top hosting companies in Southeast Asia.

About Web.com

Web.com is a leading web technology company that assists millions of customers to build their online presence. Web.com help the customers build an online presence that delivers great results through a versatile portfolio of brands – Web.com, Network Solutions, and Register.com. Web.com has the breadth of capabilities and depth of knowledge to be its customer’s go-to partner in today’s ever-evolving digital world. It takes pride in partnering with its customers to services their online needs with its extensive product offerings and personalized support. Know more about web.com on its official website.

Web.com understands your business with an in-depth interview conducted before the start of their services. By combining its 20 years of experience with its customers’ business, web.com creates and maintains a powerful web presence for its customers. They provide the facility of online creation tools where customers can build and manage things on their own. Their team of expert designers and editors ensures that your business gets found online.

People and Culture

Web.com has grown a lot since its inception. No matter how far they reach, they still believe in maintaining a small company feel. Their commitment to innovation depends on everyone because of their responsibility to deliver exceptional products and customer service. They provide an informal and comfortable work environment where employees are encouraged to be themselves and stand out. Web.com believes in supporting its employees to achieve their best, making it a unique place to work.

Web.com provides an informal work environment so you can be comfortable while working. You will see employees from across the company talk to executives because they want to transform the company for the better. Their meetings are one of a kind in which people from different sides passionately express different opinions. Being random means employees have to express who they are. Web.com feels that it is the type of environment that creates loyalty and innovation.

Teamwork and Work Ethic

Teamwork is necessary at Web.com. They believe that teamwork directly leads to efficiency, and you will have to count on a team member to meet deadlines. It is not difficult to meet deadlines when you are a member of a strong team. Web.com always appreciates its employees to go the extra mile because their business serves small business customers. Their main focus is on the success of small businesses. They try to deliver effective products and services that will be useful for their customers and encourage them to stay in business. At Web.com, employees only care about the work that they have to do every day because they know the importance of work.

About Siris Capital

Siris Capital is amongst the top companies in North America with a focus on investing in data, telecommunications and technology. Integrated with Siris’ investment approach, we collaborate with senior executives who work with Siris on a consultancy basis to identify, validate and operate investment opportunities. You can learn more about the company on the official website.

What is the Big News?

Web.com is a US-based domain and hosting provider. It is a leading web technology company that helps millions of customers to build their online presence. The company recently agreed to acquire the Australian hosting provider Dreamscape Network Limited (ASX: DN8) for $105 million. Dreamscape is the #1 online solutions provider in Australia and Southeast Asia, for AUD$0.27 per share in cash. The ASX DN8 company profile price share is 0.26 AUD as of 26 July 2019. ASX listed company’s chief operational officer Gavin Gibson announced that Dreamscape entered a scheme implementation deed with Web.com, with the deal being subject to a shareholder vote. This acquisition notifies Web.com’s constant commitment to presenting market-leading web-presence solutions to customers around the world.

With approximately 600 employees, Dreamscape Networks provide simple but innovative online solutions that assist businesses in flourishing their online presence. The company has built a prosperous business securing leading positions throughout Australia and South East Asia, including the number one brand in Australia with Crazy Domains and Singapore’s leading brand Vodien.

As mentioned above, Web.com, wholly owned by US private equity firm Siris Capital, offers domain name registration and web development services. The company dates back to 1997 as Website Pros, before rebranding as Web.com in 2008. Sharon Rowlands, the CEO and President of Web.com quoted “Web.com looks forward to welcoming Dreamscape Networks to its family of leading brands that focus on helping businesses build an online presence that delivers results”. He also said, “Dreamscape provides a highly balancing set of offerings and, as a market leader, extends the Web.com global footprint across Australia, New Zealand and the high growth digital economies of Southeast Asia.”

Mark Evans, CEO and Managing Director of Dreamscape Networks said, “Dreamscape shares Web.com’s commitment to serving customers with a comprehensive online presence product portfolio and the highest level of customer satisfaction. With this acquisition, we now have the support of an international strategic partner that will allow us to continue our leadership status in Australia and Singapore and accelerate our growth strategy into South East Asia, the fastest-growing internet space in the world.”

“We are delighted to welcome Dreamscape to the Web.com family,” said Tyler Sipprelle, Vice President at Siris Capital and Director at Web.com. “We want Web.com to be the partner of choice for online presence companies that see an opportunity to move into the next level of profitable growth together with an established leader in the space.”

Concluding, Dreamscape and Web.com are one of the top-notch IT companies in their respective regions. Web.com’s acquisition over Dreamscape has opened many new success gateways for both the companies. Let’s see how nicely they seize this big opportunity and make the best out of it.