CentralNic shuns dividend to look for more acquisitions
Company sees acquisition opportunities in current economic environment. CentralNic (London AIM: CNIC) has decided to delay its first-ever dividend to hunt for more acquisition opportunities. The company announced the plan with the announcement of its final results for 2019 issued today. It believes the current market (read: economic uncertainty due to the pandemic) might make […]
Company integrated two domain businesses funded by bond sale. CentralNic (AIM: CNIC) has completed its acquisition of what was left of the former Melbourne IT’s reseller business. Called TPP Wholesale, the division includes a strong reseller base in the Australasia region. CentralNic paid AUD $24 million for the business. Tucows…
Domain company continues to consolidate the domain industry. Fresh off a bond issue of €50 million, domain name company CentralNic (London AIM: CNIC) is acquiring domain name registrar Hexonet for €10 million. Hexonet is a reseller platform and also retail registrar with 3.8 million domains under management. It had €16.5…
CentralNic said today it has bought another registrar, Chile-based NameAction, in a $1 million deal. NameAction has been around since the late 1990s and specializes in ccTLDs in the Latin American region, including offering local presence services for foreign registrants. It sells gTLD domains too, acting primarily in the brand…