Melbourne IT to relaunch, return to roots, after $3.4 million acquisition
Australian registrar Webcentral.au is to revive its Melbourne IT brand with a renewed focus on the corporate domains market, following the AUD 5 million ($3.4 million) acquisition of a smaller rival.
The company said today it’s buying registrar New Domain Services and bringing its CEO, Jonathan Horne, on board as the new boss of Melbourne IT, which divested its corporate domains arm to CSCGlobal in 2013.
Webcentral now says it plans to “relaunch the Melbourne IT brand and business and pursue growth opportunities in the corporate domains services sector”, returning the company to its roots.
New Domain has revenue of AUD 2 million and EBITDA of AUD 1.2 million, with 25,000 customers, the company said.
Melbourne IT was among the first handful of registrars to be accredited by ICANN when it broke up Network Solutions’ monopoly in the late 1990s.
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