Domain name company CentralNic (AIM: CNIC) has completed its acquisition of Hexonet, and scooped up one of its resellers for another NZD $5.2 million (USD $3.4m).
It’s noteworthy that the company paid €10 million to acquire Hexonet and then secured one of its big resellers for an additional $3.4 million.
The reseller, Ideegeo Group Limited, sells domain names at IWantMyName.com.
Ideegeo has 80,000 customers and 180,000 names under management. Notably, it only sells domain names and not high margin services like hosting. This gives CentralNic an opportunity to sell other services into the customer base.
For the financial year ending March 31, Ideegeo’s revenues were NZD $6.2 million (USD $4.2m), with an EBITDA (adjusted for the costs of the shareholders leaving the business) of NZD $0.9m (USD $0.6m).
CentralNic funded the acquisition from its recent €50 million bond issue.
© WebsiteHostingReview.org 2019. This is copyrighted content. Website Hosting Review full-text RSS feeds are made available for personal use only, and may not be published on any site without permission.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 copyright (at) WebsiteHostingReview.org. Latest domain news at WHR.NEWS: Website Hosting Review.
The post CentralNic acquires Hexonet reseller for $3.4 million appeared first on Website Hosting Review.
TL;DR While cloud computing has traditionally been defined by speed, scale, and flexibility, mature environments…
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,…