Tucows will pay $18M for NetIdentity.

World well known domain wholesaler Tucows announced on Friday it has entered into an agreement to acquire Mailbank, aka NetIdentity - a privately held company that operates a large porfolio of domain names.

Tucows will pay approximately $18 million in cash, promissory notes and the issue of approximately 3,603,000 shares of common stock to the stockholders of NetIdentity. Tucows expects this acquisition to add between $3 and $4 million in cash flow in 2007. It now expects cash flow from operations to be in the range of $7 million to $8 million for 2006 and $10 million to $12 million for 2007.

The acquisition will enable Tucows to offer personalized Internet services through its channel of over 6,000 resellers. The portfolio includes thousands of the most common surnames and will be used to enhance Tucows’ email, Web publishing and domain services.

Запись опубликована 19.06.2006 в 18:28 в следующих рубриках: Domain News. Вы можете отслеживать обсуждение записи, используя ленту RSS 2.0. Вы можете оставить комментарий, или трекбек с Вашего сайта.