Register.com Sells Corporate Services Division to Corporation Service Company(R)

Company to Focus on the Online Business Needs of Small- and Medium-Sized Businesses

May 5, 2006; 01:04 AM

NEW YORK - Register.com, a leading provider of domain name registration and Internet services, today announced the sale of its Corporate Services Division to Corporation Service Company, a privately-held firm and leading provider of financial and legal services to corporations and law firms. Register.com's Corporate Services Division provides online brand protection to large corporations with significant domain name portfolios. The Corporate Services Division also provides strategy consulting services and global domain name registrations, management, and monitoring services.

As a result of the sale, Register.com will now focus its management and financial resources on the domain name registration and web-based services needs of small- and medium-sized businesses, as well as individual consumers. Customers will benefit from the divestiture as the company focuses its efforts on bringing to market products and services essential to helping smaller businesses build their Internet presence. The company's existing suite of small business and consumer services, including Register.com's highly acclaimed customer service, has already helped millions of customers to easily establish their web-based activities.

"Helping our customers unleash the true potential of their business through the power of the Internet is Register.com's number one priority," said David Moore, CEO of Register.com. "Today's announcement puts a fine point on our mission to be the go-to provider of web-based value added services and award-winning customer service to our core market--millions of small- and medium-sized businesses looking to harness their online potential. We're looking forward to channeling our efforts to better serve this market."

Register.com is majority owned by Vector Capital, a private equity boutique specializing in buyouts, spinouts and recapitalizations of established technology businesses.

In addition to its work with Register.com, Vector has helped portfolio companies such as Savi Technology, LANDesk Software and Corel Corporation (NASDAQ: CREL) execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers and shareholders.

Jefferies Broadview, a division of Jefferies & Company, Inc., acted as Vector Capital and Register.com's financial advisor, with O'Melveny & Myers LLP as legal counsel.

About Register.com

Register.com is a leading provider of domain name registration and Internet services. With approximately three million domain names under management, Register.com has built a brand based on quality domain name management services. Register.com offers its services to small- and medium-sized businesses, and individual consumers. Additionally, Register.com partners with ISPs, Web hosting companies and other online businesses that wish to resell the Company's domain name registration services.

About Vector Capital

Vector Capital is a private equity boutique specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector identifies and pursues these complex investments in both the public and private markets. Such opportunities are typically underserved by traditional buyout and venture capital firms. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers and shareholders. Among Vector's portfolio companies are Savi Technology, LANDesk Software, Register.com and Corel Corporation (NASDAQ: CREL). For more information, visit www.vectorcapital.com.

Register.com, Roni Jacobson, 212-798-9100, [email protected]