"The acquisition of Network Solutions fits well into our strategy of investing in companies that shape the future of the communications industry," said Jahm Najafi, chief executive officer of Pivotal Private Equity.
"Market demand for the Web presence services Network Solutions
provide, such as web sites, professional e-mail and domain names, is growing.
The company is in a unique position to take the majority of this growth given their large base of more than 4 million business and consumer customers."
The acquisition of Network Solutions complements Pivotal Private Equity's
recent agreement to purchase the assets of Pacific Crossing Ltd.
(PCL), the undersea fiber optic telecommunications network connecting Japan with the United States , Najafi
According to Najafi
, Network Solutions
will continue to provide superior service for its customers; develop innovative, value-added products; and build new channels of distribution to enhance market growth.
* Jahm Najafi, CEO of Pivotal Private Equity.
previous experience with Salomon Brothers
in New York and Los Angeles provides him with a diverse background involving institutional investments.
is fluent in the creation of alternative financing structures and the implementation of effective performance enhancement strategies.
Mr. Najafi earned his Masters in Business and Economics from Harvard University after earning his B.A. in Economics and Political Science from the University of California , Berkeley .