Dada, a European provider Internet domain registration, hosting and professional e-mail, through its subsidiary company Register.it, today acquired 100% of the share capital of UK company Namesco.
Founded in 1996, Namesco is the fourth largest provider in the UK of domain name and hosting services and among the top 50 worldwide. Based in Worcester and with offices in London, Namesco employs 59 professionals and manages roughly 265,000 domains for a total client base of more than 80,000 paying customers. Namesco is able to offer both its business and consumer clients Internet domain registration and management in over 100 countries.
With the acquisition of Namesco the total number of clients in the Dada.pro division rises to 200,000 while domains grow to over 700,000, of which over 60% are international. The acquisition was executed today as Register.it, a wholly owned subsidiary of Dada, bought 100% of the share capital of Namesco for 24.5 million pounds cash (around 36.2 million euro) fully paid at closing.
“Following the acquisition of the Spanish company Nominalia in August 2006, Dadas purchase of Namesco is part of Dada Groups expansion strategy, indicating Dadas priority in strengthening its presence in the professional online services business” – commented Paolo Barberis, Chairman of Dada.
“The investments in the domain and hosting sector which is represented by the Dada.pro division and already characterized by a solid international customer base, will allow Dada to further expand its offer towards more and more advanced services for companies and professionals online presence in a Web 2.0 perspective."
Source: Web hosting info