One of the popular domain name registrars Name.com has been acquired by Demand Media, a public digital media company that owns the domain name and hosting giant eNom, which currently has over 13.5 million domain names registered. The acquisition was announced on Name.com’s blog, however, the terms of the deal have not been disclosed yet.
The company says that the acquisition is envisioned to expand its platform, and comes in preparation for the release of new Top Level Domains (TLDs) this year.
Richard Rosenblatt, chairman and CEO of Demand Media, said:
“Name.com will provide a direct channel for us to reach consumers and small businesses as they develop and manage their online identities. This becomes even more valuable as over one thousand new domain extensions are expected to become available for registration in the years ahead.”
Demand Media has currently applied for 26 new gTLD’s, and is a partner with Donuts Inc. in another 100 of its new gTLD applications. The company will retain the Denver-based team and the business will report to Taryn Naidu, executive vice president, Registrar Services. It also aims to “provide an end-to-end solution for all things domains — whether you are looking to consume or distribute names and services,” said Naidu.
Name.com was founded in 2003, and it said to have registered nearly 1.5 million domains till date, which will now add up with eNom’s current 13.5 million registered domains.