CentralNic Group plc (LON:CNIC), the global software platform company supporting subscription web services including domain names, has today announced 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 Group plc 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.”