CentralNic Acquires Internet.BS for $7,5 Million

CentralNic announced recently that it has acquired the domain name registrar Internet.bs for up to $7,5 million.

Internet.BS (IBS) was founded by Marco Rinaudo eleven years ago, in 2003.The company had a profit of $730,000 in 2013,accordinf to CentralNic.

Internet.bs has more than 500,000 gTLD under management.Moreover, the company has 28,000 customers in 199 countries.Therefore, this acquisition is a strategic step for CentralNic.

CentralNic said how this acquisition will affect the company : 

“- Gaining a proven retail platform already supporting 28,000 users in eight languages, including sophisticated administrative tools for domain portfolio owners;

– Enhancing the revenues and profits of CentralNic with an additional cash generative business retailing domains to consumers and other domain name retailers; and

– Optimizing the earnings opportunity for CentralNic presented by the new Top-Level Domains by giving it access to the retail margin for sales of these domains.

The Board believes that the deal terms are attractive, at under 10x EBITDA, with 35% of the consideration settled in shares.”