|
| accessdate = March 5, 2008
}}</ref>
a result of changing markets, price cuts, strategy shift, andto absentSoftware Authoringas Suitea / Collage salesService. Subscription fees from NetObjects Matrix started coming in but the company faced losses: total revenues for the first three quarters of FY 2001 were $4.22 million, whilst costs were $7.67 million.<ref name="SEC-NetObj-Jun01">{{cite web
| url = http://www.secinfo.com/dsvNq.4f8Nc.htm
| title = Netobjects Inc · 10-Q · For 6/30/01
}}</ref>
WhileNetObjects tryingstarted toa raise of an additional $50 million in a private placement with [[Deutsche Bank]], the [[Reserve (accounting)|cash reserves]] startedwhich towas not approved by IBM's NetObjects fadeBoard. In the summer of 2001, the markets plummeted with the bursting of the [[dot.com bubble]]. The decision of the NASDAQ to de-list NetObjects in August 2001 because the share price had been hovering below $1 for longer than a year made things even worse.And Ultimatelyultimately IBM as the majority shareholder decided to sell NetObjects.
NetObjects Fusion, NetObjects Matrix including the MatrixBuilder, BizGoBiz and other assets were sold to Website Pros (now [[Web.com]]), a web design and services company based in [[Jacksonville, Florida]] , for an estimated amount of $4 million, including instant payments as well as fees from future revenues from NetObjects applications and services within three years. (The sum of $4 million was based on assumptions about sales in this three-year period. Depending on real sales the price could in fact be lower or higher up to a limit of $10 million.)<ref name="SEC-NetObj-Sep01">{{cite web ▼In a message to the user community, CEO Samir Arora announced that NetObjects was ceasing operations on September 1, 2001.<ref name="Arora-announce">{{cite web
| url = http://groups.google.com/group/netobjects.fusionmx.gen-discuss/browse_thread/thread/0fd21a433d88902c
| first = Samir
| last = Arora
| title = NetObjects Fusion users
| work = netobjects.fusionmx.gen-discuss
| publisher = Google Groups
| date = September 5, 2001
| accessdate = March 5, 2008
}}</ref>
▲NetObjects Fusion, NetObjects Matrix including the MatrixBuilder, BizGoBiz and other assets were sold to Website Pros (now [[Web.com]]), a web design and services company based in [[Jacksonville, Florida]], for an estimated amount of $4 million, including instant payments as well as fees from future revenues from NetObjects applications and services within three years. (The sum of $4 million was based on assumptions about sales in this three-year period. Depending on real sales the price could in fact be lower or higher up to a limit of $10 million.)<ref name="SEC-NetObj-Sep01">{{cite web
| url = http://www.secinfo.com/dsvNq.4f8q2.htm
| title = Netobjects Inc · PRE 14C · For 9/30/01
}}</ref>
Additionally a portfolio of seven patents was acquiredsold byto Macromedia (now Adobe), the distributor of [[Dreamweaver]], the long-term main [[competitor]] of NetObjects Fusion.
== NetObjects as a division of Website Pros ==
| 