NEW CGI Directory

Home Press Releases Tucows Acquires ItsYourDomain. ...

Press Releases by

Tucows Acquires

July 30, 2007; 04:25 AM
Tucows Inc. announced that it has acquired (IYD), a privately held, profitable ICANN-accredited registrar offering domain services through a worldwide wholesale network of over 2,500 affiliates.

Tucows will pay US$10.35 million in cash for IYD with the opportunity for IYD to realize a further US$1.05 million based on specific targets. The acquisition is expected to add approximately US$7 million in yearly revenue and between US$1 and $2 million in adjusted net income in the first 12 months.

"From our perspective IYD was perhaps the only substantial wholesale domain registration base that might be available over the next few years, and it's a compatible business that we'll be able to fold in to our existing operations," said Elliot Noss, President and CEO, Tucows Inc. "Additionally, this acquisition gives us some very interesting underlying technology that we were favorably impressed with that will allow us to more completely service our customer base."

IYD is positive that its customers will be well served under the Tucows banner.

"Tucows has a solid reputation within the industry as a customer-focused organization," said James McKenzie, IYD's CEO. "We're very confident that as Tucows customers, IYD affiliates will continue to receive the high level of service and support they have come to expect" added Ted Cucci, IYD's COO. "It was important to us that any buyer commit to continuing the services that our customers demand."

A video interview with Elliot Noss and an FAQ concerning this announcement can be found at

About ItsYourDomain

Innerwise, Inc. d/b/a (IYD) is a leading U.S.-based registrar with more than 700,000 domain names under management. IYD has operations for retail, large portfolio, and affiliate customers. The company developed the industry's first transparent affiliate operation that enables web hosting firms, web design shops, and virtually any other business to offer its customers domain registration and related services. Transparent affiliates control the customer's user experience, eliminating the risk of reseller conflict, while using IYD's infrastructure to eliminate the need for investment.

About Tucows

Tucows Inc. (AMEX:TCX, TSX:TC) is the largest Internet services provider for hosting companies and ISPs. Through our network of over 7,000 service providers around the world we provide millions of email boxes and manage over seven million domains. Tucows is an accredited registrar with ICANN (the Internet Corporation for Assigned Names and Numbers). Tucows remains one of the most popular software download sites on the Internet. For more information please visit

Related Press Releases and Features
Other Press Releases by This Company
Tucows Reduces Wholesale Domain Name Pricing - August 7, 2007
Tucows to Acquire NetIdentity - June 16, 2006
Tucows Launches Suite of Secondary Market Services - February 6, 2006



Related Resources

Other Resources