Tucows has announced that they have reached an agreement for acquisition of ASCIO Technologies. If you have heard about ASCIO Technologies for the first time then it is a wholesale domain registrar. This means that if you run a company then you might have visited ASCIO Technologies once.
Tucows also informs that the transaction has already been closed. And Tucows has to pay $29.44 million for the acquisition. It is also expected that the transaction will be completed as per cash flow. Tucows also says that the purchase price will be funded through its existing credit facilities.
With the acquisition of Ascio, Tucows also adds more than 1.8 million domains to its portfolio. Also, there will be more than 500 active resellers added to their portfolio. Ascio reseller base consists of ISPs, web hosting companies and website builders as well.
We should tell you that Tucows already runs OpenSRS, Enom and Hover which are its wholesale and retail registrars. Now, Ascio will add to Tucows’ list of wholesale registrars. With the addition of Ascio, Tucows’ product portfolio now offers country code TLDs (ccTLDs) and generic TLDs (gTLDs) as well to make its portfolio complete.
Ascio’s MD commented on the acquisition by saying that “This deal is all about focus. We wanted to find a buyer who would focus on our resellers so that CSC can focus on managing brands for the biggest and best companies around the world.”
Tucows’ Executive Vice President of Domains said that “This acquisition makes perfect sense for Ascio’s resellers, our business and our shareholders,”.
He added that “Ascio’s resellers get a customer-focused provider that is investing in its wholesale channel. Tucows gets an excellent business with a deeply experienced team, additional domain products, including more than 50 ccTLDs, and a high-quality customer base that strengthens our European presence. And our shareholders get the benefit of Tucows’ even greater scale and efficiency as the world’s largest wholesale domain registrar.”
Twitter is providing physical security keys with Two-Factor Authentication options
Google users will get business messaging options in maps and search
Supporting group of Facebook’s Cryptocurrency project changes their name
Google merges hreflang signals from HTML & Sitemaps
Credit Cards Can Help You Grab The Best Deals. Read To Learn More
Clicking bots are not going to improve your website’s ranking in Google
Advertisers can now create posts with users’ accounts on Instagram
Business10 months ago
Wix launches Editor X, website maker for designers and web agencies
Domains9 months ago
8 best domain flipping platforms
News2 years ago
Google Search Rankings showing early signs of an algorithm update
Domains10 months ago
Domains with .com extension are going to become expensive soon
Internet Marketing1 year ago
Snapchat’s new ‘Multi-Snap’ feature and New Sticker options seen in testing
News12 months ago
Google announces News Publisher Center and changes to approval of News websites
Business5 months ago
8 Best Digital Marketing Books to Read in 2020
News1 year ago
DailyMail admits losing 50% traffic after Google June 2019 Core Update