Tucows Buys Kiko on EBay
September 11, 2006 — (WEB HOST INDUSTRY REVIEW) — Internet services wholesaler Tucows (tucows.com) announced last week on its corporate blog that it had won the bid to purchase online calendar solution provider Kiko (kiko.com) via an eBay auction.
On the company blog, Tucows president and CEO, Elliot Noss, writes that this purchase represents a build versus buy decision.
“There is really one big reason why we bought Kiko,” writes Noss. “We needed the functionality, quite desperately, inside of our email platform and it was going to take us a long time to get it. Especially at the level of sophistication Kiko has.”
Noss explained that Tucows didn’t go with building its own calendaring solution because the company was currently so busy with its own projects that it wouldn’t have been possible to start building until Q2 of next year, and even then many Tucows employees weren’t excited by the idea of constructing it themselves because the solution just looked like a “next-gen” of one of its current offerings.
“Had this [offer] not come up, we would have probably stayed the course and looked to catch a break. When it did, we quickly went through a simple calculus,” writes Noss. “In a nutshell, this was the kind of deal where we were buying exactly what they were selling. That makes for good business and, by the way, is too infrequently the case with Internet services.”
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