Infibeam selects CentralNic for .ooo distribution

RNS Number : 0661I

CentralNic Group PLC

19 March 2018

 

Press Release

Monday 19 March 2018

CentralNic Group plc

("CentralNic" or "the Company" or "the Group")

Indian e-Commerce conglomerate Infibeam Incorporation Limited

selects CentralNic for distribution of its TLD .ooo globally 

CentralNic, the global software platform company supporting subscription web services including domain names, is pleased to announce that it has secured the distribution contract for the Top Level Domain .ooo from Infibeam Incorporation Limited ("Infibeam"), an e-commerce conglomerate company listed on the India Stock Exchange (BSE/NSE) with a market capitalisation of over USD $1 billion. 

In the fast growing e-commerce industry, Infibeam operates a unique business model with a mix of Infibeam's shopping destination and Infibeam Web Services, which include an online ecommerce platform, payments, logistics and digital marketing to merchants globally.  The .ooo registry business places Infibeam in a strong position as an exciting new affordable alternative to .com tailor-made for large-scale usage in existing and emerging markets, along with being a digital transformation tool for existing businesses to find online markets and for new business ideas to be realised.  In addition to this, in Russia and other markets, "ooo" is a common abbreviation for "Limited Liability Company."   

 

CentralNic CEO Ben Crawford said, "Anyone who has followed the Infibeam story from its launch only ten years ago to its current scale and growth rate could not doubt that Vishal Mehta and his team have the expertise, resources and track record of success to make .ooo a leading global domain.  We are delighted to have been chosen as their partner for the global expansion phase of this business, as the first step towards a closer cooperation between our companies." 

Vishal Mehta, Managing Director Infibeam Incorporation Limited said:  "The .ooo internet registry platform is amongst our top business portfolio offerings.  We are happy to select CentralNic as a partner and we are confident that we are set up to achieve that growth.  We are also exploring other ways to collaborate with CentralNic for future benefit." 

CentralNic has won contracts to distribute fifty TLDs since its listing in September 2013. 

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CentralNic Group Plc
Ben Crawford (CEO)  Don Baladasan, Chief Financial Officer	[phone]
Zeus Capital Limited - NOMAD and Joint Broker
Nick Cowles / Jamie Peel (Corporate Finance) John Goold / Rupert Woolfenden (Institutional Sales)	[phone]  [phone]
N+1 Singer - Joint Broker Shaun Dobson / Jen Boorer	[phone]
Abchurch - Financial PR
Julian Bosdet Dylan Mark Alejandra Campuzano	[phone] [phone] [phone]
[e-mail]	www.abchurch-group.com

About CentralNic Group plc 

CentralNic (AIM: CNIC) is a London-based AIM-listed company which develops and manages software platforms allowing businesses globally to use the internet for their own websites and email, as well as protecting their brands online.  Its core growth strategy is identifying and acquiring cash-generative businesses with annuity revenue streams and exposure to emerging markets, and migrating them onto the CentralNic software and operating platforms. 

CentralNic operates globally with customers in over 200 countries.  It earns revenues from the worldwide sales of internet domain names and hosting on an annual subscription basis. 

For more information please visit: www.centralnic.com 

 

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