NetRegistry acquires PlanetDomain
February 19, 2007; 01:47 AM
NetRegistry 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 SME’s.
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 came 3rd globally in a recent
international evaluation ranking the quality of Customer Service of the world’s
50 largest hosting companies.
The Company’s philosophy is that excellent
customer service greatly assists our 250,000 SME customers embrace online
business. “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. Our strategy is to continue acquiring
relationships with SME’s at the start of their online journey - buying a
domain name - and then apply our skills in customer service to build trust and
loyalty. The result over time is a continually increasing breadth of
subscription services provided to our customers, each designed to help our SME’s
use the Internet to grow. All NetRegistry services are delivered via our
unified technology platform and billing system and supported by our Sydney based integrated
customer service and support operation”, says Bloch.
“We are still at the early stage of a
long wave of innovation in the provision of online services to businesses. Our
growing market position places us well to dominate the provision of online
business services to Australian SME’s for many years to come.”
NetRegistry is pursuing further acquisitions of companies who supply hosted applications to large numbers of small businesses in Australia.
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