Web.com, a leading provider of web design, hosting and marketing services, has announced its agreement to acquire Dreamscape Networks. This acquisition will strengthen Web.com`s position in the web development and online marketing space, allowing it to offer more comprehensive services to its customers.

Dreamscape Networks is an established player in the industry, providing an array of digital services including domain registration, web hosting, email hosting, and online marketing solutions. The company operates in Asia and Australia, where it has a significant market presence. With this acquisition, Web.com will expand its reach into the Asia-Pacific region, adding to its existing global footprint.

The acquisition of Dreamscape Networks is an important move for Web.com, as it will allow the company to provide a more complete set of services to its customers. “The addition of Dreamscape Networks` talented team, portfolio of brands, and expansive customer base across the Asia-Pacific and Australia regions will greatly enhance Web.com`s position in attractive markets,” said Sharon Rowlands, CEO and President of Web.com in a statement.

Moreover, this acquisition will enable Web.com to offer its existing customers a wider range of services, thereby increasing customer retention rates. By combining the strengths of both companies, Web.com will be able to provide a more comprehensive suite of digital services, including website design, hosting, search engine optimization (SEO), and marketing services.

For Dreamscape Networks, this acquisition represents an opportunity for further growth and expansion. “We are excited about the prospect of joining the Web.com family and combining our businesses to provide even more value for our customers,” said Mark Evans, CEO of Dreamscape Networks.

Overall, the acquisition of Dreamscape Networks is a strategic move for Web.com, as it enables the company to expand its reach in the Asia-Pacific region, and offer a more comprehensive set of digital services to its customers. With this acquisition, Web.com is well positioned to continue its growth as a leading provider of web design, hosting and marketing services.