Register.com acquired Inabox, a technology company specializing in the design and development of online building tools for Internet service providers, Web hosting companies and community sites. Under the terms of the agreement, Register.com acquired Inabox for $1 million cash, 260,000 shares of Register.com common stock, and up to an additional 40,000 shares contingent on certain conditions being met by Inabox. Register.com will offer Inabox's WebSiteNOW! software through a network of co-branded and private-label Web sites that include ISPs and Web hosting companies. As part of the acquisition, Inabox will be fully integrated into Register.com, and Inabox employees will become full-time employees of Register.com.
Copyright June 2000, Crain Communications Inc.