iTWire - NetRegistry acquires PlanetDomain for $8M

NetRegistry acquires PlanetDomain for $8M

by Stan Beer
Monday, 19 February 2007
! NetRegistry has acquired the assets of PlanetDomain from Primus Telecommunications for over $8m. The acquisition was funded with cash and debt. PlanetDomain, an Australian domain name and web hosting company, has over 100,000 domestic and international SME clients. The company is profitable and will continue to be managed by its current staff in Melbourne. NetRegistry is the second largest Australian hosting company and has over 150,000 SME customers. “NetRegistry now dominates the Australian market in domain name registrations, with 27% market share for 2006”, says Larry Bloch, CEO NetRegistry. “This acquisition leverages NetRegistry’s world-renowned clustered infrastructure for small business application hosting, which will be used to expand the range of services available to PlanetDomain customers to include offerings in high growth Online Marketing and Advanced Hosting Services. NetRegistry stated that it is pursuing further acquisitions of companies who supply hosted applications to large numbers of small businesses in Australia. Please enable JavaScript in your browser to post your comment! Tags See All Tags Deals Internet Stan Beer Get stories like this delivered daily - FREE - subscribe now

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