February 13, 2004 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider Hostway (hostway.com) announced on Thursday that it will acquire the core assets of .RegistryPro (registrypro.com), exclusive operator of the .pro top-level domain and subsidiary of domain registrar Register.com (register.com), subject to approval by ICANN. Upon completion of the RegistryPro transaction, Hostway's subsidiary Registry Services Corporation will become the registry operator for the .pro top-level Internet domain for professionals.
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Terms of the deal were not disclosed.
"The .pro domain has terrific potential to serve a vital group of Internet users," said Lucas Roh, president and CEO of Hostway. "We believe lawyers, accountants, doctors and service professionals will be eager to use the .pro domain as a way of identifying and differentiating their professional status. As the Internet evolves, .pro will become a catalyst for simplified communication and help with the creation of valuable social interaction. We're committed to launching the .pro registry and excited to help advance the evolution of the Internet."
Registry Services Corporation said it intends to launch the .pro registry in the second quarter of 2004.
"The .pro registry is an exciting opportunity but is not core to our businesses," said Peter Forman, President & CEO of Register.com. "This sale allows us to focus on our registrar business, while retaining the ability to benefit from .pro's success in the future. We are eager to offer .pro names to our customers as a registrar and I look forward to Hostway maximizing .pro's potential."
