CentralNic said it is to acquire California-based corporate domain registrar Intellectual Property Management Company for $7.6 million.
The company said the all-cash deal represents about 2.8x IPMC’s 2021 revenue and about seven times EBITDA.
CentralNic already plays in the corporate domain management space — it picked up BrandShelter when it merged with Key-Systems a few years ago.
But it’s the first acquisition in the domain space in a while. CentralNic is highly acquisitive, but recent buys have been mainly in the advertising and domain monetization space, which is driving huge growth.