LONDON-based domian name seller, CentralNic, announced yesterday that it has acquired Bahamian-registered domain name retailer Internet.BS as it moves to enter markets in the Caribbean an Africa.
CentralNic will reportedly pay a maximum of $7.5 million for the Bahamas registered business, of which $5.2 million will be paid upfront, comprising $2.7 million in cash with the rest to be satisfied through the issue of CentralNic shares.
Internet.BS Corp, registered in the Bahamas, is a leading retailer of domain names in the Caribbean and one of the world’s top 30 domain name retailers or ‘registrars’.
“The acquisition of Internet.BS’s business shows how serious we are about the Caribbean region,” said CentralNic chief executive Ben Crawford. “Together with our existing registrar technology that powers retailers like buydomains.london and www.la, we now have a powerful multi- domain registrar in the Group with Internet.BS, which already serves customers in eight languages and multiple currencies, and which we can deploy to enable individuals and businesses in the Caribbean and Africa to get online.”
The news follows last year’s announcement that CentralNic has partnered with the Africa.com to support its development of a pan-African domain registrar. CentralNic’s Registry service Provider division is supporting such quality new generic TLDs as .website, .college, .press, .host,. .wiki, .bar; DotBrand TLDs such as .etisalat and .theguardian, as well as the country codes .pw and .la.