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Press Releases
Network Solutions Announces Strategic Investment in Nominum
May 11 2000
Herndon, Virginia, May 11, 2000 - The Network Solutions Registry (NSI Registry), a business of Network Solutions, Inc. (NASDAQ: NSOL) and the world's leading provider of Internet locator services with more than 14 million names registered, today announced a strategic investment with Nominum Inc. Nominum is the leading developer of open source Domain Name Service (DNS) solutions that use Berkeley Internet Name Domain (BIND), the underlying software that makes the Internet work.
The NSI Registry made an equity investment in Nominum to help fund their continued development of standards based open source DNS. Open source refers to software that is generally available to the public. "It is important, as the New Economy grows increasingly dependent on the Internet, to provide an ever expanding array of products and services that continually enhance the Internet's software," says Bruce Chovnick, senior vice president and general manager of the NSI Registry. "As good Internet citizens, we take our responsibility seriously to contribute toward making the Internet as robust, reliable and scalable as possible."
The team at Nominum develops open source DNS BIND and Dynamic Host Configuration Protocol (DHCP) software for the Internet Software Consortium (ISC). ISC is a non-profit organization dedicated to developing and maintaining production quality Open Source reference implementations of core Internet protocols and making them available to the Internet community. "Nominum has worked very closely with the ISC and the Internet Engineering Task Force (the major standards setting body for Internet technology) to help move the Internet forward and we continue to do so," says Will Thomas, president and CEO of Nominum. "The funding we received from the NSI Registry strengthens our efforts."
Nominum is currently spearheading the next generation Domain Name Service software as the primary architects and developers behind BIND version 9.0 and DHCP, among other key Internet technologies. Nominum provides support services to some of the world's largest and most prestigious companies. "We have some of the best DNS and BIND experts on the planet," says Thomas. "It is gratifying to be in a position where you know so many people benefit from what you do."
About Network Solutions
The Network Solutions Registry is the leading provider of Internet locator services and is a business unit within Network Solutions, Inc. (NASDAQ: NSOL). The Registry maintains the definitive directory for Web addresses and is responsible for the infrastructure that propagates this information throughout the Internet. As the exclusive provider of registry services to .com, .net and .org, the Registry currently supports 42 active ICANN accredited registrars operating in 12 countries around the globe. For more information, see www.nsol.com or the www.nsiregistry.com website.
About Nominum, Inc.
Based in Redwood City, California, privately-held Nominum is the leading Open Source developer of reference-based implementations for Internet address and Domain Name Service solutions. The team at Nominum writes the BIND and DHCP software freely available via the Internet Software Consortium's website: http://www.isc.org/. Nominum provides commercial support and consulting packages to organizations using BIND and DHCP.
Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, uncertainty of Internet privatization, increased competition in the domain name registration business including price competition, customer acceptance of new products and services offered by the company in addition to or as enhancements of its registration services, risks associated with the company's international business, uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. More information about potential factors that could affect the company's business and financial results is included in the company's filings with the Securities and Exchange Commission, especially in the company's Registration Statement on Form S-3 filed on December 22, 1999, as amended, Annual Report on Form 10-K for the year ended December 31, 1999 and Quarterly Reports on Form 10-Q for the periods ended March 31, 1999, June 30, 1999 and September 30, 1999.
Contacts:
Network Solutions: Media, Brian O'Shaughnessy, brianos@netsol.com, Phone 703/326-6076. Investor Relations, Sean McClorey, smclorey@netsol.com, 703/326-6090. Customer Service, 703/742-4777.
Nominum: Email: pr@nominum.com, http://www.nominum.com/
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