Web.com Group's CEO Presents At Citi Technology Conference (Transcript)

Web.com Group, Inc. (WWWW)

Citi Technology Conference Call

September 6, 2012 9:30 am ET

Executives

David L. Brown – Chairman, President and Chief Executive Officer

Kevin Carney – Executive Vice President & Chief Financial Officer

Analysts

Walter H. Pritchard – Citigroup Global Markets Inc.

Presentation

Walter H. Pritchard – Citigroup Global Markets Inc.

I’m Walter Pritchard, Software Analyst with Citi. Happy to have with us, Web.com, got Kevin Carney; who is the CFO, and we’ve got David Brown, the CEO. I’m going to go through some questions, I think probably are common to what the audience has on their minds, open it up with about 10 minutes left, and anybody who have questions we’ll circulate the microphones as we have been doing in this room.

So I guess just to start off the discussion, the company has been growing through acquisitions aggressively in the last 2.5 or so years, could you just give us an update on such as the Network Solutions acquisition, you quadruple your customer base through that acquisition, so you get to parts and support, where you are with that, and what we should be looking for the next few quarters as we assess the targets along that.

David L. Brown

Sure. The Network Solutions transactions has gone extremely well. It follows the game plan that we rolled out, when we did Register.com acquisition, which was about a year prior to that. From an integration perspective, where half or haven’t scheduled, in achieving our cost synergy. That’s terrific we are also performing very well from a customer churn perspective, we’ve actually outperformed our own expectations there and we’re clearly integrating that company in a way that it’s not impacting our customers negatively, and so we’re seeing very low churn in the business.

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