# CentralNic Group plc Purchase of premium domain name portfolios

- Link: https://www.directorstalkinterviews.com/centralnic-group-plc-purchase-premium-domain-name-portfolios/412743301
- Published: 2018-01-09T07:12:06+00:00
- Author: Giles Arbor

**CentralNic Group Plc** ([LON:CNIC](https://www.directorstalkinterviews.com/company/centralnic-group-plc/cnic.l)),
the global software platform company supporting subscription web services including
domain names, announces that on 8th January 2018 it completed the purchase of a 
number of portfolios of premium domain names with .com as their suffix, for an aggregate
consideration of £2.5 million, satisfied from the Company’s own cash resources.

> **Ben Crawford, CEO of CentralNic Plc Group Plc, said:** “CentralNic is delighted
> to have replenished its inventory of premium domains for trading, with these portfolios
> of mid-priced domains obtained at an attractive discount to current market rates.
> The market for these domains is relatively liquid, and trading in them leverages
> the Company’s global distribution capabilities and adds to the Company’s diversified
> revenue strategy.”

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. It 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.

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