Increases client base to 250,000 with the addition of 100,000 SME customers of PlanetDomain.
NetRegistry, a web hosting provider, has acquired the assets of PlanetDomain from Primus Telecommunications for over $8m. The acquisition was funded with cash and debt.
PlanetDomain
is a top 5 Australian domain name and web hosting company serving over
100,000 domestic and international SMEs. 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 has direct access to
vast numbers of SME businesses via fixed line, mobile, email and web
property eyeballs. Our quality of service scored a perfect 5/5 in the
recent HosTest.NET survey, one of only 3 companies globally to do so.
NetRegistry now dominates the Australian market in domain name
registrations, with 27% market share for 2006. This acquisition
leverages NetRegistrys 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. Our strategy is to acquire relationships
with SMEs at the start of their online journey, buying a domain name.
We then apply our proven skills in customer service to build trust and
loyalty, gradually increasing the breadth of subscription services
provided," says Larry Bloch, CEO
of NetRegistry.