NetRegistry Acquires PlanetDomain
Sydney, Australia – (Cheap Web Hosting Directory) – March 21, 2007 – Web hosting solutions firm, NetRegistry, has acquired the assets, funded with cash and debt, of PlanetDomain from Primus Telecommunications, for over $8 million.
NetRegistry is the second largest Australian hosting company and has over 150,000 SME customers. PlanetDomain is a top 5 Australian domain name and web hosting company serving over 100,000 domestic and international SME’s. The company will continue to be managed by its current staff in Melbourne.
Larry Bloch, CEO of NetRegistry remarked, “NetRegistry now dominates the Australian market in domain name registrations, with 27% market share for 2006. 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.”
Mr. Bloch added, “NetRegistry has direct access to vast numbers of SME businesses via fixed line, mobile, email and web property eyeballs. Our quality of service scored a perfect 5/5 in the recent HosTest.NET survey – one of only 3 companies globally to do so. Our strategy is to acquire relationships with SME’s at the start of their online journey – buying a domain name. We then apply our proven skills in customer service to build trust and loyalty, gradually increasing the breadth of subscription services provided. All NetRegistry services are delivered via our unified technology platform and billing system and supported by our Sydney based integrated customer service and support operation.”
NetRegistry is pursuing further acquisitions of companies who supply hosted applications to large numbers of small businesses in Australia. NetRegistry was founded on the understanding Australia required a world-class web hosting facility specifically designed to meet the needs of SME business owners. All NetRegistry customers are hosted on advanced web hosting infrastructure typically designed for multi-million dollar websites, but made available to our customers in a shared environment.
Mr. Bloch concluded, “We are still at the early stage of a long wave of innovation in the provision of online services to businesses. Our growing market position places us well to dominate the provision of online business services to Australian SME’s for many years to come.”
NetRegistry came 3rd globally in a recent international evaluation ranking the quality of Customer Service of the world’s 50 largest hosting companies. NetRegistry has become one of Australia’s largest and most prominent specialist domain name, web hosting, email, online marketing and eCommerce service providers. NetRegistry has been serving tens of thousands of Australian businesses since 1997.
To learn more, please visit: www.netregistry.com.au.