Web.com (WEB) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.2

UNAUDITED PRO FORMA COMBINED CONDENSED FINANCIAL STATEMENTS OF WEB.COM GROUP, INC. AND

REGISTER.COM LP

The following unaudited pro forma combined condensed financial statements have been prepared to give effect the acquisition of Register.com (Cayman) LP, a Cayman limited partnership (“Register.com LP”) by Web.com Group, Inc. (“Web.com”). These unaudited pro forma combined condensed financial statements are derived from the historical and pro forma consolidated financial statements of Web.com and the historical consolidated financial statements of Register.com LP.  These financial statements have been adjusted as described in the notes to the unaudited pro forma combined condensed financial statements.

The unaudited pro forma combined condensed balance sheet combines the historical consolidated balance sheets of Web.com and Register.com LP as of the close of business on July 29, 2010, and includes adjustments to reflect the transactions that are directly attributable to the acquisition, factually supportable and expected to have a continuing impact on the combined results.  In addition, the unaudited pro forma combined condensed statements of operations combine the historical consolidated statements of operations of Web.com and Register.com LP and have also been adjusted to give effect to pro forma events that are directly attributable to the acquisition, factually supportable and expected to have a continuing impact on the combined results.  The unaudited pro forma combined condensed statements of operations have been prepared assuming the acquisition occurred on January 1, 2009.

We have prepared the unaudited pro forma combined condensed financial statements based on available information using assumptions that we believe are reasonable.  These financial statements are being provided for informational purposes only and do not claim to represent our actual financial position or results of operations had the acquisition occurred on that date specified nor do they project our results of operations or financial position for any future period or date.  In addition, the pro forma financial statements do not account for the cost of any restructuring activities or synergies resulting from the acquisition.

The unaudited pro forma combined condensed financial statements were prepared using the acquisition method of accounting as outlined in Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 805 with Web.com considered the acquiring company.  Based on the acquisition method of accounting, the consideration paid to Register.com LP’s partners is allocated to Register.com LP’s assets and liabilities based on their fair value as of the date of the completion of the acquisition.  Web.com has been advised by independent valuation experts on the estimated value of certain intangible assets acquired from Register.com LP.  The remaining amount of the purchase price allocation is recorded as goodwill.  The purchase price allocation and valuation is still subject to final adjustments.

Unaudited Pro Forma Combined Condensed Balance Sheet

as of July 29, 2010

(in thousands of dollars)

	Pro forma			Historical				Pro forma				Pro forma
	Web.com			Register.com LP				Adjustments				Combined
Current Assets:
Cash and cash equivalents	$	46,196		$	12,010		k	$	(40,144	)	a	$	18,062
Accounts receivable, net of allowance for doubtful accounts		3,251			3,200				-				6,451
Prepaid expenses and other current assets		1,855			1,230				-				3,085
Restricted investments		301			1,468				-				1,769
Deferred taxes, current		961			16,175				-				17,136
Total current assets		52,564			34,083				(40,144	)			46,503
Restricted investments		928			-				-				928
Prepaid domains		-			27,851				(24,180	)	b		3,671
Property and equipment, net		10,884			4,360				-				15,244
Goodwill		12,881			63,285				(63,285	)	c		86,901
									74,020		d
Intangible assets, net		48,373			8,730				(8,730	)	c		112,753
									64,380		d
Other assets		95			2,753				(2,738	)	e		5,272
									5,162		j
Total assets	$	125,725		$	141,062			$	4,485			$	271,272
Current liabilities:
Accounts payable	$	1,241		$	196				-				1,437
Accrued expenses		5,975			16,830				(10,061	)	f		12,744
Accrued marketing fees		224			434				-				658
Current portion of long-term debt and capital lease obligations		160			-				7,125		g		7,285
Deferred revenue		5,598			88,842				(75,960	)	b		18,480
Deferred tax liability		-			9,615				-				9,615
Other liabilities		195			212				(212	)	h		195
Total current liabilities		13,393			116,129				(79,108	)			50,414
Accrued rent expense		783			-				-				783
Long-term debt and capital lease obligations		113			105,209				(105,209	)	h		107,988
									107,875		g
Deferred revenue		127			-				-				127
Deferred taxes		1,429			-				-				1,429
Other long-term liabilities		408			651				-				1,059
Total liabilities		16,253			221,989				(76,442	)			161,800
Total Stockholder' equity
Common stock		27			-				-				27
Additional paid in capital		261,958			-				-				261,958
Treasury stock		(4,239	)		-				-				(4,239	)
Accumulated deficit		(148,274	)		(80,927	)			80,927		i		(148,274	)
Total stockholders' equity		109,472			(80,927	)			80,927				109,472
Total liabilities and stockholders' equity	$	125,725		$	141,062			$	4,485			$	271,272

Unaudited Pro Forma Combined Condensed Statement of Operations

Period ended July 29, 2010

(In thousands of dollars)

	Historical			Historical			Pro forma				Pro forma
	Web.com			Register.com LP			Adjustments				Combined
Revenue	$	57,428		$	49,271		$	(24,378	)	(7)	$	82,321
Cost of revenue (exclusive of depreciation and amortization shown below)		23,739			18,096			(8,288	)	(7)		33,547
Sales & Marketing		12,364			10,839			-				23,203
Research & Development		5,171			3,833			-				9,004
General & Administrative		9,706			7,371			(875	)	(4)		16,202
Depreciation and amortization		7,625			3,204			3,346		(1)
								(1,880	)	(2)		12,295
Total cost and operating expenses		58,605			43,343			(7,697	)			94,251
Income (loss) from operations		(1,177	)		5,928			(16,681	)			(11,930	)
Interest, net		136			(3,627	)		3,627		(5)		136
								(3,956	)	(6)		(3,956	)
Other income (expense), net		-			381			-				381
		136			(3,246	)		(329	)			(3,439	)
Income (loss) from operations before income taxes		(1,041	)		2,682			(17,010	)			(15,369	)
(Provision) benefit for income tax		(637	)		(2,470	)		6,457		(8)		3,350
Income (loss) from continuing operations		(1,678	)		212			(10,553	)			(12,019	)
Discontinued operations:
Income (loss) from discontinued operations, net of tax		(9	)		-			-				(9	)
Gain on sale of discontinued operations, net of tax		125			-			-				125
Net income (loss)	$	(1,562	)	$	212		$	(10,553	)		$	(11,903	)
Basic earnings per share:
Income (loss) from continuing operations' per common share		(0.07	)		N/A			N/A				(0.47	)
Income (loss) from discontinued operations per common share		0.00			N/A			N/A				0.00
Net income (loss) per common share		(0.07	)		N/A			N/A				(0.47	)

Unaudited Pro Forma Combined Condensed Statement of Operations

Year ended December 31, 2009

(In thousands of dollars)

	Historical			Historical			Pro forma				Pro forma
	Web.com			Register.com LP			Adjustments				Combined
Revenue	$	106,489		$	85,713		$	(43,124	)	(7)	$	149,078
Cost of revenue (exclusive of depreciation and amortization shown below)		40,392			30,804			(14,226	)	(7)		56,970
Sales & Marketing		23,338			17,996			-				41,334
Research & Development		8,477			7,419			-				15,896
General & Administrative		21,080			9,209			(1,500	)	(4)		33,142
								4,353		(3)
Depreciation and amortization		13,295			3,223			(3,223	)	(2)		19,031
								5,736		(1)
Total cost and operating expenses		106,582			68,651			(8,860	)			166,373
Income (loss) from operations		(93	)		17,062			(34,264	)			(17,295	)
Other income (expense), net		-			(381	)		-				(381	)
Interest, net		233			(6,700	)		(6,782	)	(6)		(6,549	)
								6,700		(5)
Income (loss) from operations before income taxes		140			9,981			(34,346	)			(24,225	)
(Provision) benefit for income tax		1,429			(3,980	)		13,038		(8)		10,487
Income (loss) from continuing operations	$	1,569		$	6,001		$	(21,308	)		$	(13,738	)
Discontinued operations:
Income (loss) from discontinued operations, net of tax		232			-			-				232
Gain on sale of discontinued operations, net of tax		808			-			-				808
Net income (loss)	$	2,609		$	6,001		$	(21,308	)		$	(12,698	)
Basic earnings per share:
Income (loss) from continuing operations per common share	$	0.06			N/A			N/A			$	(0.54	)
Income (loss) from discontinued operations per common share	$	0.04			N/A			N/A			$	0.04
Net income (loss) per common share	$	0.10			N/A			N/A			$	(0.50	)
Diluted earnings per share:
Income (loss) from continuing operations per common share	$	0.06			N/A			N/A			$	(0.51	)
Income (loss) from discontinued operations per common share	$	0.04			N/A			N/A			$	0.04
Net income (loss) per common share	$	0.10			N/A			N/A			$	(0.47	)

NOTES TO UNAUDITED PRO FORMA COMBINED CONDENSED FINANCIAL STATEMENTS

Note 1.  Basis of Presentation

On July 30, 2010, Web.com Group, Inc. (“Web.com”) completed its acquisition (the “Acquisition”) of Register.com (Cayman) LP, a Cayman limited partnership (“Register.com LP”), a provider of global domain name registration and complementary website design and management services pursuant to that certain Purchase Agreement among Web.com, Register.com GP (Cayman) Ltd, each seller named therein and Register.com LP, dated June 17, 2010 (the “Purchase Agreement”). The interests in Register.com LP were purchased from (i) Register.com GP (Cayman) Ltd., an exempted company incorporated under the laws of the Cayman Islands, and (ii) the limited partners of Register.com LP. Consideration for the acquisition of the limited partnership interests was approximately $135 million financed with a $95 million term loan and a $15 million revolving credit facility, each pursuant to the Credit Agreement, approximately $20 million in cash and a $5 million seller note.

The accompanying unaudited pro forma combined condensed financial statements present the results of operations and financial position of Web.com and Register.com LP based on the historical financial information of each company and include adjustments to reflect the transactions that are directly attributable to the acquisition, factually supportable and expected to have a continuing impact on the combined results.  In addition, the unaudited pro forma combined condensed balance sheet has been prepared assuming the merger occurred as of the close of business on July 29, 2010.  The unaudited pro forma combined condensed statements of operations have been prepared assuming the acquisition occurred on January 1, 2009.

The unaudited pro forma combined condensed financial statements are based on estimates and assumptions, which have been made solely for purposes of developing such pro forma information.  The estimated pro forma adjustments arising from the acquisition are derived from the estimated purchase price and estimated fair value of the assets acquired and liabilities assumed.

The acquisition is accounted for under the acquisition method as outlined in ASC 805.  Under this method, the purchase price is allocated to the fair value of tangible and intangible assets acquired and the fair value of liabilities assumed.  The remaining amount of unallocated purchase price is recorded as goodwill.  Web.com has been advised by independent valuation experts on the estimated fair value of certain intangible assets.  The purchase price valuation is still subject to final adjustments primarily for amounts allocated to deferred tax assets and liabilities and intangible and fixed assets.

The preliminary purchase price allocation as of the close of business on July 29, 2010 is as follows (in thousands of dollars):

Goodwill	$	74,020
Trade Names		15,890
Developed Technology		28,720
Customer Relationships		19,770
Net assets (liabilities) acquired		(3,400	)
Total preliminary purchase price allocation	$	135,000

Note 2.  Pro Forma Income Statement Adjustments

The following pro forma adjustments have been recorded in the combined condensed statement of operations for the period ended July 29, 2010 and the year ended December 31, 2009:

(1)    The following table includes Web.com’s amortization expense by category on a straight-line basis related to the estimated identifiable intangible assets resulting from this transaction for the year ended December 31, 2009 and the period ended July 29, 2010:

NOTES TO UNAUDITED PRO FORMA COMBINED CONDENSED FINANCIAL STATEMENTS

	December 31, 2009		July 29, 2010		Useful life at Acquisition Date
	(in thousands)				(in years)
Amortization of:
Trade Names	$	-	$	-	Indefinite
Customer Relationships-Partners		65		38	16
Customer Relationships-Retail		2,081		1,214	9
Technology		3,590		2,094	8
Total amortization expense		5,736		3,346

(2)   To eliminate amortization expense from Register.com LP’s intangible assets that have been eliminated by acquisition accounting;

(3)   This adjustment records the estimated direct costs of the acquisition, primarily legal, employee related expenses and investment banker’s fees for Register.com LP and Web.com.  These costs were incurred during the period ended July 29, 2010, but are presented as expenses incurred during the year ended December 31, 2009 to conform with the presentation that the acquisition occurred on January 1, 2009;

(4)   To eliminate the management fee payable to Register.com LP owners;

(5)   To eliminate the interest expense and deferred financing amortization expense from Register.com LP as this debt was paid in full at the closing of the acquisition on July 30, 2010;

(6)   To record Web.com’s interest expense and deferred financing fee amortization resulting from the $95 million term loan, the $15 million revolving credit facility and the $5 million note to Register.com LP, all issued to finance the acquisition;

(7)   To record the impact of the fair market value write down of deferred revenue and the related prepaid costs from Register’s historical income statement for the year ended December 31, 2009 and the period ended July 29, 2010.  This adjustment also includes the elimination of intercompany revenue and cost of revenue between Register.com LP and Web.com of approximately $1.4 million and $2.0 million for the periods ended July 29, 2010 and the year ended December 31, 2010, respectfully; and

(8) To record income tax expense (benefit) at Web.com’s combined federal and state income tax rate of approximately 38 percent.

Note 3.  Pro Forma Balance Sheet Adjustments

The following adjustments have been made to the unaudited pro forma combined condensed balance sheet as of July 29, 2010 to reflect the merger-related transactions:

(a) To record cash paid in exchange for the purchase of Register.com LP’s net assets as part of this transaction;

(b) To record the fair market value write-down of deferred revenue and the related prepaid costs;

(c) To eliminate Register.com LP’s historical goodwill and intangible assets;

(d) To record Web.com’s goodwill and intangible assets arising from the acquisition of Register.com LP;

(e) To eliminate Register’s deferred financing fees and a joint venture investment not acquired;

(f) This adjustment eliminates existing employment related liabilities triggered as a result of the acquisition and acquisition related fees recorded by Register.com LP.  These liabilities were not acquired by Web.com and were settled by the seller at the time of the acquisition;

(g) To record the current and long-term portion of the $110 million bank notes and the $5 million note due to the seller that Web.com issued to finance the acquisition;

(h) To eliminate Register.com LP’s long-term debt and related accrued interest that was settled at the closing of the merger;

(i) To eliminate Register.com LP’s historical partner deficit;

(j) To record Web.com’s deferred financing fees related to the $110 million of bank notes; and

(k) The July, 29 2010 Register.com LP cash and cash equivalents includes approximately $5 million that was held by Register.com LP and acquired in the acquisition but was not consolidated into the audited financial statements of Register.com Investments Cooperatie U.A.

NOTES TO UNAUDITED PRO FORMA COMBINED CONDENSED FINANCIAL STATEMENTS

Note 4.  Pro Forma Net Income (Loss) per Share

The pro forma basic and diluted net income (loss) per share are based on the weighted average Web.com shares used in computing basic and diluted net income (loss) as calculated for the year ended December 31, 2009 and the period ended July 29, 2010.

 Note 5.  Reclassifications

Certain reclassifications have been made to the historical financial statements of Register.com LP to conform to Web.com’s presentation.