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Web.com to buy Latin American web hosting company

Web.com Group Inc. struck a definitive agreement to buy Latin American technology company Donweb.com.

The deal, financial details of which were not disclosed, is expected to close by the end of the first quarter of 2017. Founded in 2002, Donweb.com offers web hosting, cloud servers, email marketing and domains services to small and medium-sized businesses.

"Over the last 15 years, Donweb.com CEO and founder Guillermo Tornatore has built an impressive service-oriented business that focuses on the customer, and we look forward to Guillermo and his experienced, Argentina-based team of approximately 90 employees joining the Web.com family," Web.com CEO David Brown said in a Dec. 12 statement.