CentralNic gobbles up brand-focused registrar with plans to extend its reach beyond French-speaking countries.
CentralNic (AIM: CNIC) announced today that it has acquired SafeBrands, a brand/corporate-focused domain registrar based in France.
The company will pay up to €3.6m ($4.4m) for the business. €3.0 million will be paid upfront and the rest is subject to meeting FY 20 financial objectives. The price is approximately 0.9x SafeBrand’s FY 2019 revenue. The business operates at approximately break-even.
SafeBrands currently caters only to French-speaking customers. CentralNic plans to extend this to other languages, giving the company upside in the transaction.
CentralNic is renaming its Corporate division as the Enterprise division in conjunction with the deal. This division is made up primarily of brand services. The company hired Haydn Simpson last year, and he is now the Head of Brand Services. He previously worked for NetNames, CSC and BrandSight (now GoDaddy Corporate Domains).
CentralNic also entered into a reciprocal reseller agreement for domain names and brand protection services with IP protection company Novagraaf. Additionally, CentralNic sold its minority stake in ThomsenTrampedach, a Swiss-based Online Brand Protection service provider, to Novagraaf.
Post link: CentralNic acquires SafeBrands for up to €3.6m
© DomainNameWire.com 2021. 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 Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission.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.