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Tucows Acquires Melbourne ITís International Wholesale Domain Reseller Channel - Tucows, Inc. announced that it has entered into a definitive agreement to acquire the international wholesale domain reseller channel of Melbourne IT Limited (ASX: MLB) - MelbourneIT.com.au / Tucows.com
Tucows Acquires Melbourne ITís International Wholesale Domain Reseller Channel

 

PRZOOM - /newswire/ - Toronto, Ontario, Canada, 2016/03/15 - Tucows, Inc. announced that it has entered into a definitive agreement to acquire the international wholesale domain reseller channel of Melbourne IT Limited (ASX: MLB) - MelbourneIT.com.au / Tucows.com. NASDAQ: TCX; TSX: TC

   
 
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Tucows, Inc., a global provider of network access, domain names and other Internet services, today announced that it has entered into a definitive agreement to acquire the international wholesale domain reseller channel of Melbourne IT Limited (melbourneit.com.au). The acquisition will add hundreds of resellers and approximately 1.6 million domains under management to Tucowsí OpenSRS wholesale domain business. Tucows will not acquire any of Melbourne ITís operations and the transaction will be immediately accretive to earnings.

ďThis acquisition represents an excellent opportunity to acquire a loyal, profitable base of resellers that have the same core needs as our existing wholesale customers,Ē said David Woroch, Tucowsí EVP Domains. ďImportantly, the scalability of our OpenSRS platform allows us to meaningfully expand our base of domains under management while adding minimally to our operating costs.Ē

As a Tucows reseller on the OpenSRS platform, the new customers will immediately have access to over 600 top level domains (TLDs), a wide range of SSL certificates, email services and plugins to all the most popular billing and automation solutions.

ďWholesale domain services for web hosting companies and ISPs has been a core component of the Tucows business for more than 16 years,Ē added Mr. Woroch. ďToday, we are one of the largest wholesale domain name registrars in the world and the step function growth from this transaction will allow us to even better leverage our platform as we continue to invest in the business.Ē

The financial terms of the transaction were not disclosed and are not considered to be material for Tucows.

Watch the video to learn more.

About Tucows

Tucows 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 over thirteen 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. More information can be found on Tucowsí corporate website (tucows.com).

Investor Contact: Lawrence Chamberlain
P: 416-815-0700 x25 - E: lchamberlain[.]tmxequicom.com.

 
 
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Agency / Source: Tucows, Inc.

 
 

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Tucows Acquires Melbourne ITís International Wholesale Domain Reseller Channel

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Tucows, Inc. | Melbourne IT Limited
Contact: Gustavo Arruda - Tucows.com 
416-535-0123 x1211 garruda[.]tucows.com
 
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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.

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