CentralNic Group plc (LON:CNIC), the global internet platform company that derives recurring revenues selling online presence and marketing services, has announced that the additional consideration payment for the acquisition of KeyDrive SA has been determined to be USD 1,138,400. The consideration will be settled in cash. Inter.services, the majority seller of KeyDrive, has agreed to not sell any CentralNic shares for the next 180 days. CentralNic has no further financial obligations under the SPA.
Ben Crawford, CEO of CentralNic, said: “The acquisition of KeyDrive has been a catalyst for the accelerated expansion of the CentralNic Group and forms the core of our Online Presence segment.”
CentralNic (LON: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing online marketplaces allowing businesses globally to buy subscriptions to domain names for websites and email, monetise their websites, and acquire customers online. Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms.