CentralNic Group PLC Infibeam selects CentralNic for .ooo distribution
March 19 2018 - 2:01AM
RNS Non-Regulatory
TIDMCNIC
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.
- Ends -
CentralNic Group Plc
Ben Crawford (CEO)
Don Baladasan, Chief Financial +44 (0) 203 388
Officer 0600
Zeus Capital Limited - NOMAD
and Joint Broker
Nick Cowles / Jamie Peel +44 (0) 161 831
(Corporate Finance) 1512
John Goold / Rupert Woolfenden +44 (0) 203 829
(Institutional Sales) 5000
N+1 Singer - Joint Broker
+44 (0) 207 496
Shaun Dobson / Jen Boorer 3000
Abchurch - Financial PR
+44 (0) 20 7469
4631
+44 (0) 20 7469
Julian Bosdet 4633
Dylan Mark +44 (0) 20 7469
Alejandra Campuzano 4634
centralnic@abchurch-group.com 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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