CentralNic Group Plc (LON:CNIC), the global software platform company supporting subscription web services including domain names, announces that on 8th January 2018 it completed the purchase of a number of portfolios of premium domain names with .com as their suffix, for an aggregate consideration of £2.5 million, satisfied from the Company’s own cash resources.
Ben Crawford, CEO of CentralNic Plc Group Plc, said: “CentralNic is delighted to have replenished its inventory of premium domains for trading, with these portfolios of mid-priced domains obtained at an attractive discount to current market rates. The market for these domains is relatively liquid, and trading in them leverages the Company’s global distribution capabilities and adds to the Company’s diversified revenue strategy.”
CNIC is a London-based AIM-listed company which develops and manages software platforms allowing businesses globally to use the internet for their own websites and email, as well as protecting their brands online. Its core growth strategy is identifying and acquiring cash-generative businesses with annuity revenue streams and exposure to emerging markets, and migrating them onto the CentralNic software and operating platforms. It operates globally with customers in over 200 countries. It earns revenues from the worldwide sales of internet domain names and hosting on an annual subscription basis.
