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Endurance losing founder-CEO next week

Kevin Murphy, August 16, 2017, Domain Registrars

Endurance International, the parent company of registrar brands including Public Domain Registry, BuyDomains, Domain.com and BigRock, will see its founding CEO resign next week.

The company said this week that Hari Ravichandran will be replaced by Jeff Fox, most recently chair of customer relationship management software vendor Convergys, on August 22.

Endurance, which makes about 12% of its revenue from domain registrations, had disclosed Ravichandran’s plan to move on back in April, when it was characterized as an effort to move the company to the next stage of growth.

But it comes in the context, as the company has acknowledged, of an ongoing Securities and Exchange Commission investigation into its 2015 acquisition of Constant Contact.

The SEC probe has been going on since at least December 2015.

Endurance is also facing flattening top-line growth — revenue of $292.3 million, up 1% on last year, in the second quarter — and deepening losses.

Fox was CEO of Convergys from 2010 to 2012. He is also principal of The Circumference Group, his own investment/advisory firm.

Go Daddy buys Afternic

Kevin Murphy, September 20, 2013, Domain Registrars

Go Daddy has strengthened its already pretty strong hand in the domain name aftermarket by acquiring Afternic from NameMedia for an undisclosed sum.

Afternic provides a centralized platform for listing domains for sale. About 100 registrars, including Go Daddy, carry its six million listings.

Go Daddy also offers its own customers a Premium Listings service. Integrating the two platforms will happen “over the coming months”, Go Daddy said.

Afternic usually reports about a million dollars of domain sales via its platform every week, but those figures don’t include private sales. It already has deals in place to sell premium names for several new gTLDs.

Some of Go Daddy’s biggest competitors — existing Afternic partners — appear to be happy about the move. Go Daddy’s press release quotes Tucows and Web.com executives giving the deal the thumbs-up.

Afternic did once belong to Register.com, one of Web.com’s registrars, but for the last six years it has been owned by NameMedia.

The deal also includes SmartName, NameMedia’s parking service, but not BuyDomains, where NameMedia sells its own portfolio of names. Go Daddy will take on Afternic’s Boston-based staff.