Web.com (WWWW), a provider of online marketing services for small businesses, this morning said it has agreed to acquire Register.com, a provider of domain name registration and web site design services, for $135 million. The deal will be financed via a combination of cash and long-term debt.
Web.com said the deal will expand its non-GAAP revenue base by over 80% and more than double its adjusted EBITDA run rate; the company expects a “meaningful, positive impact” on non-GAAP EPS.
The combined company will have an annualized revenue run rate of over $180 million; Web.com expects combined pro forma EBITDA in 2010 over over $36 million.
WWWW this morning is unchanged at $3.81.
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