New gTLD portfolio applicant Famous Four Media has selected CentralNic to provide back-end registry services, joining existing providers ARI Registry Services and Neustar.
CentralNic will be “a preferred provider” of Domain Venture Partners, which is the parent company of Famous Four’s 60 new gTLD applicants, according to a joint statement issued by the companies today.
Neither firm wanted to give any firm details about how CentralNic fits into Famous Four’s strategy, such as whether CentralNic might replace existing back-ends as it did with 27 formerly GMO Registry bids.
Famous Four is already partnered with Neustar on 52 new gTLD applications and ARI on five more.
DVP chief operating officer Charles Melvin told DI in a statement:
CentralNic will sit as one of our preferred backend technology partners. We are in the process of agreeing terms with a limited number of select providers to sit on our preferred panel. Until such agreements have been put in place it would be inappropriate for us to comment on them.
The deal is related to DVP II, an investment vehicle through which DVP hopes to raise up to $400 million “to acquire Top-Level Domain registries, some of which are already live.”
We were leaked a copy of a June 2013 investor presentation related to DVP II, in which the company said its back-end partner had “the lowest fees in the industry”.
With its new “preferred panel”, it looks like the company is hedging its bets.
CentralNic is going to run .co.com after all, kinda.
The two companies have signed a deal whereby CentralNic will manage the back-end registry for the forthcoming subdomain service, which domain owner Paul Goldstone launched a few months ago.
CentralNic, before it became the named back-end for 60 new gTLD applications, was known only for offering subdomains under us.com, uk.com and many other second-level names.
Announcing the deal today, .co.com also said that it plans to hold a sunrise period in February, to be followed by a first-come first-served landrush.
It’s already offering “premium” keyword domains privately to interested parties.
CentralNic today issued its first financial statements since floating on London’s Alternative Investment Market earlier this month.
The company is profitable, reporting profit before tax for the first half of 2013 that almost doubled to $636,000 on revenue that was up 16% at £1,735 million ($2.7 million).
Revenue was down substantially and profit more or less flat sequentially, however. In the second half of 2012, the company took profits of £593,000 on revenue of £2.9 million ($4.6 million).
Seasonality? One-time fees from its new gTLD applicant clients? CentralNic didn’t say.
The H12013 results do not include any revenue from its deal with Go Daddy, which started selling .la domains in July, but it did include revenue from partnerships with two Chinese registrars.
Chairman John Swingewood said in a statement to the market:
The Company is undergoing sustained growth resulting from increased demand for our domain names, establishing new retail channels and securing new inventory. What is more impressive is that these results are yet to include revenues from sales of our pipeline of new Top-Level Domains, which include .college, .bar, .wiki and .xyz, for which the first launch activities are due to start at the end of the year.
The company, which is signed up to provide back-end registry services for 14 uncontested and 39 contested new gTLDs, raised £5 million in its IPO on September 3.
New gTLD registry back-end provider CentralNic raised a reported £7 million ($10 million) on its London Alternative Investment Market debut yesterday.
The IPO, which netted £5 million for the company and £2 million for existing shareholders, valued the company at £32.5 million ($50.6 million).
Its float price was 55p per share, but it’s trading at 66p right now.
CentralNic had previously said that it intends to use the money to expand its new gTLD business and to explore opportunities to provide back-end services for ccTLDs.
The company runs .la, has contracts to run 53 gTLDs, and sells subdomains under numerous pseudo-gTLDs such as uk.com and us.com.
CentralNic this morning formally confirmed that it plans to float on the Alternative Investment Market in London and said the money raised will help it buy stakes in new gTLDs.
The London-based company plans to hit the market at the beginning of September. CEO Ben Crawford told The Telegraph yesterday that the company hopes to raise £5 million ($7.7 million) with the IPO.
CentralNic said in a press release this morning:
The Directors believe that the funds raised for the Group by the placing of shares will allow the Group to enhance its global distribution network, acquire interests in new gTLDs, expand its own retail business and obtain contracts from governments to operate their country code TLDs (“ccTLDs”), especially in developing markets.
While the company is best-known for running pseudo-gTLDs such as us.com and uk.com, it also provides the back-end for the repurposed ccTLDs .la and .pw and has 60 new gTLD back-end contracts, 25 of which are uncontested.
Crawford said in the press release:
We are profitable, debt free, asset backed and about to capitalise on the major changes being made to the internet with the influx of new TLDs. We already have in place the required IT infrastructure and global retailer network. We have also been awarded a significant number of new TLD contracts so the Company is confident of expanding rapidly.
According to The Telegraph, the IPO could value the company at £30 million ($46.4 million).
The Alternative Investment Market is the low-cap little brother to the London Stock Exchange. CentralNic will be the second registry, after Top Level Domain Holdings, to list there.