February 19, 2007 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider and domain registrar NetRegistry (netregistry.com.au) announced on Monday it has acquired the assets of domain registrar PlanetDomain (planetdomain.com) from Primus Telecommunications for over $8 million. The acquisition was funded with cash and debt.
PlanetDomain is a top five Australian domain registrar and Web hosting provider serving over 100,000 domestic and international SME's. The company is profitable and will continue to be managed by its current staff in Melbourne, Australia.
NetRegistry is the second largest Australian hosting company and has over 150,000 SME customers. The company says it placed third globally in a recent international evaluation ranking the quality of customer service of the world's 50 largest hosting companies.
"NetRegistry now dominates the Australian market in domain name registrations, with 27 percent market share for 2006," says Larry Bloch, CEO NetRegistry. "This acquisition leverages NetRegistry's world-renowned clustered infrastructure for small business application hosting, which will be used to expand the range of services available to PlanetDomain customers to include offerings in high growth online marketing and advanced hosting services."
