CentralNic is paying $7.6 million for Intellectual Property Management Company, Inc.
CentralNic (London: CNIC) has acquired Intellectual Property Management Company, Inc. (IPM), a corporate domain manager.
According to IPM’s website, it is a joint venture with the United Internet Group of Companies. That’s the company that owns IONOS, InterNetX, and Sedo.
The website lists OceanSpray, Rogers Corporation, and Guitar Center among its clients. It does not list any employees, but LinkedIn shows the company is run by Albert and Darren Simpson.
CentralNic is paying $7.6 million cash for the company. That’s about 7 times IPM’s 2021 Adjusted EBITDA, and 2.8 times its 2021 revenue.
The business will be integrated into the enterprise channel within CentralNic’s Online Presence segment.
CentralNic is a rollup of domain name and online advertising businesses. Over the past couple of years, it has focused on acquiring advertising businesses rather than domain companies, so this is a bit of a departure for the company.
Post link: CentralNic acquires corporate domain manager
© DomainNameWire.com 2022. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.
TL;DR AI and cloud demand are expanding Latin America’s digital infrastructure opportunity while increasing requirements…
TL;DR Lightpath has entered the Greater Atlanta market with high-capacity Managed Bandwidth services. Wavelength and…
TL;DR Earnings release: Duos will report second quarter 2026 results after market close on Friday,…
TL;DR Defining the Distinction: “Modular” construction encompasses two main approaches—traditional prefabrication (assembling components like electrical…
TL;DR Transaction complete: Duos Technologies Group has completed the sale of its rail technology subsidiary,…
TL;DR To bypass slow grid interconnection queues and keep up with AI buildout timelines, hyperscale…