MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Tucows, Inc.
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Tucows, Inc. to Acquire eNom from Rightside - Combined Entity Will Be The Second Largest Domain Registrar In The World [NASDAQ: NAME] - Rightside.co / eNom.com / Tucows.com
Tucows, Inc. to Acquire eNom from Rightside

 

NewswireToday - /newswire/ - Toronto, Ontario, Canada, 2017/01/20 - Combined Entity Will Be The Second Largest Domain Registrar In The World [NASDAQ: NAME] - Rightside.co / eNom.com / Tucows.com. NASDAQ: TCX NAME; TSX: TC

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Web ISP / Hosting / Domains Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Tucows, Inc., a provider of network access, domain names and other Internet services, announced that it has signed a definitive agreement to acquire wholesale domain name registrar eNom from Rightside Group Ltd. The transaction is expected to close later today.

Tucows will pay $83.5 million and the transaction is expected to be immediately accretive to earnings. The acquisition will be funded through an amendment increasing Tucows’ existing credit facility to a total of $140 million.

The acquisition of eNom (enom.com) will add 14.5 million domains under management and 28,000 active resellers. That will give Tucows a total network of over 40,000 resellers globally and 29 million domains under management, making it the second largest domain registrar in the world.

“For years, eNom and OpenSRS have been the two leading registrars primarily focused on the needs of resellers. This focus means these businesses fit very well together,” said David Woroch, Tucows’ Executive Vice President of Domains. “The acquisition keeps eNom resellers where they will be well understood, well valued and well served and creates tremendous value for Tucows and resellers on both sides through efficiency and scale.”

Elliot Noss, Tucows’ CEO added,“This industry has changed so much since Tucows and eNom each launched wholesale registrar services over fifteen years ago and .com, .net and .org essentially represented the namespace. It is a lot more challenging and complex now. At the same time, it is more mature and much more competitive. Scale is absolutely critical. This is a rare deal that gives Tucows and its investors exactly that while offering an immediate cash on cash return.”

NOTE TO INVESTORS: We know that releasing this transaction on a Friday morning, especially this particular Friday morning, is not ideal. We apologize for that. These things sometimes cannot be helped.

Conference Call
Tucows management will host a conference call today, Friday, January 20, 2017 at 11 am (ET) to discuss this announcement. Participants can access the conference call by dialing 888-231-8191 or 647-427-7450 or via the Internet at tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 1-855-859-2056 or 416-849-0833 and enter the passcode 56195754 followed by the pound key. The telephone replay will be available until January 27, 2017 at midnight ET. To access the archived conference call as an MP3 via the Internet, go to tucows.com/investors.

About Tucows

Tucows (tucows.com) is a provider of network access, domain names and other Internet services. Ting (ting.com) delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS (opensrs.com) manages nearly 15 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses.

About Rightside Group Ltd

Rightside® (rightside.co) inspires and delivers new possibilities for consumers and businesses to define and present themselves online. The company, with its affiliates, is a leading provider of domain name services, offering one of the industry’s most comprehensive platforms for the discovery, registration, usage, and monetization of domain names. Headquartered in Kirkland, WA, Rightside has offices in North America, Europe, and Australia.

This news release contains forward-looking statements related to the acquisition, including, without limitation, the expected closing of the acquisition, the expectation that the transaction will be immediately accretive to earnings, the funding through an increase under Tucows’ existing credit facility, and the effect of the acquisition. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.

TUCOWS® is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Investor Contact: Lawrence Chamberlain
P: 416-848-1457 - E: lchamberlain[.]national.ca.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Web ISP / Hosting / Domains Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Tucows, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Web ISP / Hosting / Domains articles,
CATCH Visitors via Your Competitors Announcements!


Tucows, Inc. to Acquire eNom from Rightside

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Gustavo Arruda - Tucows.com 
garruda[.]tucows.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Tucows, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Web ISP / Hosting / Domains via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Tucows, Inc. / Company Profile


Read Web ISP / Hosting / Domains Most Recent Related Newswires:

Tucows, Inc. Acquires Wholesale Domain Registrar Ascio Technologies
Tucows Acquires Roam Mobility from Otono Networks
1&1 Launches Managed Cloud Hosting
ColossusCloud Announces its New Amsterdam Location
Ting Internet Gigabit Fiber Network Build Set to Begin in Holly Springs, NC
VMTurbo to Present at OpenStack Summit 2016 in Austin
Hostindia.net Celebrates 17th Foundation Anniversary
VMTurbo Launches 360 Partner Program to Accelerate Channel Sales
Tucows Acquires Melbourne IT’s International Wholesale Domain Reseller Channel
1&1 Announces Partnership with Bitnami to Offer Cloud Marketplace Access
Everdata Launches Scalable Windows Cloud for its User Base in India
VMTurbo Launches Hosted Offering in Microsoft Azure Marketplace
Unisecure Announces Massive Level-Up of VPS Hosting Plans
Three Dimensional Visions Announces Event Hosting Services in The Greater Houston Area
1&1 Unveils a New Generation of Cloud Servers to US Market

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Inkwood Research





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)