Tucows Inc., the largest Internet services provider for hosting companies and ISPs, has acquired ItsYourDomain.com (IYD), a
privately held, profitable ICANN-accredited registrar offering domain services through a worldwide wholesale network of over 2,500 affiliates for US$10.35 million in cash plus the opportunity to realize a further US$1.05 million based on specific targets.
“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.”
Originally posted on July 29, 2007 @ 3:46 am