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 its established 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.