Enter a strategic partnership to provide each others services.

Register.com, an ICANN accredited domain registrar, and Web.com, Inc., a web services provider, yesterday announced that the two companies have entered into a strategic partnership to offer website design tools, hosting and domain services to their respective customer bases.

The two companies have agreed to a licensing arrangement covering all existing and pending patents for both companies. Under the agreement, Web.com will become Register.com's provider of website building tools utilizing Web.com's Site Builder technology and hosting services. Also under this agreement, Register.com will become Web.com's provider of domain names and parked pages for the Web.com brand.

"As a longtime leader in the industry, Register.com brings extensive expertise and a history of service excellence in the domain business," stated Jeff Stibel, President and CEO, Web.com. "We view our new relationship with Register.com as a true win-win for both companies."

"This partnership will enable Register.com to offer our customers best of class do-it-yourself tools and website hosting services specifically designed to help small businesses build and manage their online presence," said Larry Kutscher, CEO of Register.com.