CentralNic Group PLC Completion of acquisition of TPP Wholesale

Ben Crawford, CEO of CentralNic, said: “I am delighted to report that, having completed the acquisition of TPP Wholesale, CentralNic is now the leading supplier to domain name and hosting resellers in Australasia. The acquisition is also earnings enhancing, provides numerous cost synergies, and enables us to participate in the proposed launch of the new .au domain extension. We look forward to providing further updates in future.”

CentralNic Group PLC (LON:CNIC), the global internet platform that derives revenue from the subscription sales of internet domain names, today announced that it has now received the funds from its recent bond raise and, further to the announcement released on 20 May 2019, the acquisition of TPP Wholesale Group is now complete. The acquisition of Hexonet Group, announced on 1 July 2019, is also expected to complete on 5 August 2019.

TPP Wholesale is the leading platform for resellers of domain names and hosting in Australasia, with around 14,000 reseller customers and 840,000 domains under management. The acquisition is the next step in CentralNic’s strategy of consolidating the recurring revenue global domain name industry.

Headline consideration for the acquisition was $24m AUD. TPP Wholesale’s stand-alone revenues and Adjusted EBITDA to be acquired for the financial year ended 31 December 2018 were determined to be $17.0m AUD and $3.9m AUD respectively on an unaudited basis. 

Click to view all articles for the EPIC: ,
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Centralnic Group Plc

More articles like this

CentralNic Group plc

CentralNic at Nordic Domain Days

Nordic Domain Days brings the domain name industry together! This event is where Registries, registrars, resellers, service providers, and investors network and share insights during a packed two-day conference. Focused on the face to face interaction

CentralNic Group plc

How does your choice of domain name affect SEO

Whether you’re a small start-up or an international organization, SEO has a huge impact on many aspects of your marketing, including: Brand awareness Website traffic Credibility This is barely touching the surface, though, as SEO directly and indirectly

CentralNic Group plc

CentralNic 2022 results “the most outstanding year to date”

CentralNic Group plc (LON:CNIC), the global internet platform which helps online consumers make informed choices, has announced that, further to its announcement on 27 February 2023 titled “UNAUDITED PRELIMINARY ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022”, the Audited Annual report for

CentralNic Group plc

6 domain name trends for 2023

As we move further into the digital age, the importance of having a domain name for your business cannot be overstated. It’s the digital equivalent of a brick-and-mortar storefront, where customers can find you and interact with

CentralNic

CentralNic Group — Clarifying the narrative

CentralNic is a UK software company, operating globally through its two businesses, Online Presence and Online Marketing. Through a series of acquisitions, Online Marketing has become the group’s primary driver, delivering high double-digit revenue and profit

CentralNic

The supremacy of biases in AI

2022 might be remembered as the year that generative AI blasted on the scene, causing major waves in the digital community. With the onset of any new game-changing tech, in this case, the extremely powerful algorithms

CentralNic

CentralNic achieves surge in yearly revenue and profit

CentralNic plc proposed a final dividend of 1.0p per share for 2022, after significant increases in revenue and profit. CentralNic is London-based internet services holding company that develops and manages online marketplaces, allowing businesses to buy

CentralNic

CentralNic achieves record revenue and profit in 2022

CentralNic Group Plc (LON:CNIC), the global internet company that derives recurring revenue from privacy-safe, AI based customer journeys that help online consumers make informed choices as well as from the distribution of domain names, has announced its unaudited preliminary

CentralNic

What is a domain name and why you need to buy one

Put simply, a domain name is the mechanism that helps identify and locate computers and resources connected to the Internet and while there are free domain names, you usually have to purchase them through domain registrars. One