Tucows Acquires ItsYourDomain.com - will pay US$10.35 million in cash

[Sameh]

Adds Thousands of Wholesale Customers and Over 700,000 Domains Under Management

TORONTO, July 27 /PRNewswire-FirstCall/ - Tucows Inc. announced today that it has acquired ItsYourDomain.com (IYD), a privately held, profitable ICANN-accredited registrar offering domain services through a worldwide wholesale network of over 2,500 affiliates.

Tucows will pay US$10.35 million in cash for IYD with the opportunity for IYD to realize a further US$1.05 million based on specific targets. The acquisition is expected to add approximately US$7 million in yearly revenue and between US$1 and $2 million in adjusted net income in the first 12 months.

"From our perspective IYD was perhaps the only substantial wholesale domain registration base that might be available over the next few years, and it's a compatible business that we'll be able to fold in to our existing operations," said Elliot Noss, President and CEO, Tucows Inc. "Additionally, this acquisition gives us some very interesting underlying technology that we were favorably impressed with that will allow us to more completely service our customer base."

IYD is positive that its customers will be well served under the Tucows banner.
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Complete Article : http://money.cnn.com/news/newsfeeds/articles/prnewswire/TO30927072007-1.htm

 

[Mike]

Nice find, thanks for posting this.

This should make for some changes in the domain landscape i would assume.

"Additionally, this acquisition gives us some very interesting underlying technology that we were favorably impressed with that will allow us to more completely service our customer base."

...wonder what technology he's referring to. Considering that this would have to be technology that Tucows previously hasn't had any access to or hasn't considered, it might be something to watch out for.

IB

 

[IAmAllanShore]

Bah - covering for another purchase for access to expiring domain names...
Just my .02
-Allan :gl: