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CentralNic pays up to $7.5m for Internet.bs

Kevin Murphy, June 17, 2014, 10:50:25 (UTC), Domain Registries

CentralNic has acquired the unfortunately named Bahamas-based registrar Internet.bs for up to $7.5 million, in an effort to bolster its registrar business.

The deal is for a mixture of cash ($2.7 million), newly issued shares ($2.5 million) and a delayed performance-related payout of up to $2.3 million.

CentralNic is best known as a registry and back-end provider, but it also has a registrar, TLD Registrar Solutions, which is aimed primarily at registries that want to vertically integrate.

The acquisition means the company now has a medium sized ICANN-accredited retail registrar arm too.

Internet.bs has well over half a million gTLD names under management, according to registry reports. According to CentralNic, it has 28,000 customers in 199 countries.

The company made a profit of $730,000 last year, CentralNic said.

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