The story
Network Solutions started as a technology consulting company incorporated by Emmit McHenry with Ty Grigsby, Gary Desler, and Ed Peters in Washington, D.C., in 1979.
In its first few years, the company focused on systems programming services, primarily in the IBM environment. Annual revenues passed $1 million in 1982, growing to $18.5 million in 1986.
Network Solutions, Inc. (NSI) first operated the domain name system (DNS) registry under a sub-contract with the U.S. Defense Information Systems Agency (DISA) in September 1991. NSI gave out names in the.com,.org,.mil,.gov,.edu and.net Top Level Domains (TLDs) for free, along with free Internet Protocol (IP) address blocks. The Network Information Center at SRI International had performed the work under Elizabeth J. Feinler since 1972.
In 1992, NSI was the sole bidder on a grant from the National Science Foundation (NSF) to further develop the domain name registration service for the Internet. In 1993, NSI was granted an exclusive contract by the NSF to be the sole domain name registrar for.com (commerce),.net (network) and.org (organization) TLDs, a continuation of work NSI had already been doing. NSI also maintained the central database of assigned names called WHOIS. A contract was given to Boeing to operate the.mil TLD registry, and was also performed by NSI under subcontract.
In May 1993, the NSF privatized the domain name registry; Network Solutions was the only bidder on the $5.9 million annual contract to administer it.
In March 1995, the company was acquired by Science Applications International Corporation (SAIC) for $4.7 million. At that time, the company managed 60,000 domain names.
Following the acquisition by SAIC, the NSF gave Network Solutions authority to charge for domain name registrations. Network Solutions imposed a charge of $100 for two years' registration. 30% of this revenue went to the NSF to create an "Internet Intellectual Infrastructure Fund". In 1997, a lawsuit was filed charging Network Solutions with antitrust violations with regard to domain names. The 30% of the registration fee that went to the NSF was ruled by a court to be an illegal tax. This led to a reduction in the domain name registration fee to $70 (for two years).
Network Solutions also implemented a policy of censoring domain names. This came to light when Jeff Gold attempted to register the domain name shitakemushrooms.com but was unable to. Network Solutions' automated screening system blocked the registration "because it contains four letters they consider obscene", though the domain name 'shit.com' had been successfully registered. Network Solutions argued that it was within its First Amendment rights to block words it found offensive, even though it was operating pursuant to contract with a Federal agency.
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Network Solutions' $100 charge and its monopoly position in the market were contributing pressures that resulted in the creation of the International Ad Hoc Committee and a failed attempt to take control of the domain name system, and to the U.S. Department of Commerce and National Telecommunications and Information Administration (NTIA) releasing a white paper and ultimately contracting with the Internet Corporation for Assigned Names and Numbers (ICANN) to administer the DNS.
In September 1997, the Network Solutions (Nasdaq: NSOL) became a public company via an initial public offering (IPO).
After the formation of ICANN in 1998, the domain name industry opened up to partial competition, with NSI retaining its monopoly on.com,.net and.org but having to recognize a separation between the functions of a registry, which manages the underlying database of domain names, and that of a registrar, which acts as a retail provider of domain names. To achieve this separation, NSI created a "firewall" between the two new divisions of the business, creating separate technical infrastructure, organizations, and facilities. By the end of 1999 the fee for registration had been reduced, from $34.99, to a wholesale rate of $6 per year to registered resellers.
In May 1999, Jim Rutt was named chief executive officer of the company; he stepped down in February 2001.
In 2000, at the peak of the dot-com bubble, the company was acquired by VeriSign for $21 billion in stock.
On October 17, 2003, VeriSign sold Network Solutions' registrar unit to Pivotal Equity Group for $100 million, but retained the registry.
In January 2006, Network Solutions acquired MonsterCommerce, an e-commerce company in the Greater St. Louis area.
In February 2007, General Atlantic, a private equity firm, acquired the company for a reported $800 million.
In January 2008, Roy Dunbar was appointed CEO.
On November 2, 2009, Tim Kelly, president of the company, replaced Dunbar as CEO. Dunbar continued to act as chairman and advisor to the company.
In August 2011, Web.com announced the acquisition of the company for $405 million and 18 million shares of newly issued Web.com stock, which closed at $8.66 per share before the announcement, for a total purchase price of about $560 million. The acquisition was completed on October 27, 2011.
This was immediately followed by the departure of CEO Kelly and other leadership. Large-scale employee layoffs began the following day as well. By December 31, 2011, over half of the office space in the Herndon, Virginia, headquarters had been vacated, and on March 31, 2012, the company's Belleville, Illinois, office was closed.
In June 2020, Network Solutions revoked the domain name registration of two hate sites (VDARE and niggermania.com) after receiving a demand letter from the Lawyers' Committee for Civil Rights Under Law, a civil rights organization.
On April 24, 2025, Web.com announced its merger with Network Solutions, with the Web.com brand transitioning to operate under the Network Solutions name. This strategic consolidation is part of a broader initiative by its parent company, Newfold Digital, to streamline its portfolio of brands. Newfold Digital has undertaken similar integrations, merging brands such as iPage, HostMonster, FatCow, and JustHost into its leading web hosting provider, Bluehost.
From Wikipedia’s article on Network Solutions, shared under CC BY-SA 4.0.5