Mail.com to sell India.com stake

NOV 7: Mail.com Inc. a leading global provider of outsourced messaging services, announced that it will sell all assets not related to its...

NOV 7: Mail.com Inc. a leading global provider of outsourced messaging services, announced that it will sell all assets not related to its core outsourced messaging business, including Asia.com, India.com, and its portfolio of category-defining domain names.

The sale of these assets is the next step in the execution of Mail.com’s previously stated strategy to focus exclusively on its outsourced messaging business. Last week, the company announced it has retained SG Cowen to sell its advertising network business. The company expects to raise $100-200 million from the sale of these assets and the sale of the ad network.

India.com, a website under construction, is launching a comprehensive portal with compelling content and commerce functionality, which will give its customers access to a growing end-user base. Mail.com owns one of the most valuable portfolios of category-defining cyber realty, including USA.com, Europe.com, Japan.com, lawyer.com and accountant.com.

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Asia.com, Inc. is the leading provider of Web and wireless solutions in Asia with operations in thirteen cities in the region. India.com’s strategy is to offer services including online presence and storefront technology, computer hardware and software, customer relations management and outsourced software development.

The proceeds will be used to fund the company’s outsourced messaging business to profitability, for acquisitions related to its core business and for other general corporate purposes. Revisions to the company’s financial forecasts will be made upon the conclusion of a significant asset sale.

"While we are unable to predict with certainty the amount of proceeds we will receive from the sale of these assets, I’m confident we will generate significant value for Mail.com," said Thomas Murawski Mail.com Chief Executive Officer. "This action allows Mail.com to emerge as a pure-play outsourced messaging business."

Mail.com’s outsourced messaging business provides a robust suite of services to 10,000 corporate customers including 107 of the global Fortune 500. The company’s outsourced messaging solutions include hosted e-mail, collaboration, virus protection and IP fax services.

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Mail.com, Inc. is a leading global provider of outsourced messaging services to enterprises, carriers, ISPs and web sites. The company’s solution set includes hosted Microsoft exchange, Novell GroupWise and Web/POP3-based e-mail and collaboration services; hosted e-mail firewall services such as virus scanning, spam blocking and content filtering; and a full range of Web-based, desktop and production Internet Fax solutions.

Mail.com has IP network facilities in 20 key countries and currently serves more than 20.4 million seats and over 10,000 corporate customers worldwide.