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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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Web.com
Acquires Tucows Interest in NameJet - Now Has
Sole Ownership of NameJet & SnapNames
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Web.com
Group, Inc. has
acquired all remaining interest in
the domain name drop catching and
aftermarket sales platform, NameJet,
LLC, from its former
partner in the business, Tucows,
Inc. The transaction, announced
today, gives Web.com sole ownership
of two of the top platforms
in the domain aftermarket. The
company already owned SnapNames
Web.com, LLC, a pioneer
in the drop catching and domain
sales space.
Today's
press release noted, "NameJet
launched in 2007 as a joint
venture between eNom, Inc.,
now a subsidiary of Tucows, and
Web.com subsidiary, Network
Solutions, LLC.
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Like
SnapNames, NameJet has exclusive
partnerships with top domain name
registrars across the globe and
helps domain professionals,
businesses and individuals acquire
valuable domain names, including
those that have recently
expired."
Web.com
CEO & President David L.
Brown said, “This move to
complete ownership aligns with our
goal of nurturing our core domain
business, supporting and
anticipating the diverse needs of
our customers, and driving new
opportunities for innovation and
growth." Web.com Aftermarket VP
Michael White added, "We
welcome the NameJet team to the
Web.com family and are excited to
leverage their thought leadership
and expertise as we continue to
invest in the aftermarket
industry.
David
Woorch, Domains Executive Vice
President for Tucows, said, "Web.com has
been a great partner and we look
forward to working with and
leveraging their aftermarket
expertise in the future.
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(Posted
December 3, 2018) |
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