Based in Torrance, California, WebVision was a provider of integrated Internet solutions to both large and medium-sized traditional businesses and Internet start-ups. Founded in 1993, WebVision provided e-commerce solutions and web hosting services to a blue-chip customer base, resulting in high levels of recurring revenue and customer retention. From 2001 to 2002, Freeman Spogli exited its investment in WebVision through a sale of select business assets to Fourthstage Technologies (formerly known as Aperian) and a management buyout of WebVision’s remaining assets.